You are considering purchasing the Big Kine Doughnut Company. You are debating how much to pay for the company. Last year the Big Kine Doughnut Company had earnings of $20 per share. You examine the Wall Street Journal and find the Price to earnings ratio for the Krispy Kreme Doughnut Company, a company you think is similar to the Big Kine Doughnut Company, to be 10. Krispy Kreme had earnings of $15 last year. Big Kine has a beta of 1.4 and 50,000 shares outstanding. Using the comparables method, what is the appropriate price for one share of the Big Kine Doughnut Company stock?