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You are analyzing a share by comparing its price/earnings ratio to three comparable companies in the industry. The share price and the forward earnings estimate

You are analyzing a share by comparing its price/earnings ratio to three comparable companies in the industry. The share price and the forward earnings estimate of the three companies are shown below.

Company 1. Share price = $93.155, earnings = $6.01 Company 2. Share price = $134.736, earnings = $8.02 Company 3. Share price = $108.862, earnings = $6.89

Assuming that the company you are analyzing is typical for its industry and that the forward earnings estimate for the company is $1.47, what is your estimate for the appropriate price of the company's share?

(Note that if the share prices for companies 1, 2 and 3 show three decimal places, just use the numbers as shown.) Please provide your answer as a number with two decimals (e.g., 94.68).

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