You are trying to value the stock of B&E Corp. B&E is a privately held company so its shares are not publicly traded. You know, however, that the company will have earning per share of $2.00 at the end of the year. In addition, you know that B&E is similar to several publicly traded firms and you have compiled information on these firms in the table below. Using the average price to earnings ratio (P/E ratio) of these comparable firms, what is the best estimate of B&E's share price? Select one.

Firm	Share Price	EPS1
I	$ 33.55	$ 2.30
II	$ 14.01	$ 1.10
III	$ 15.77	$ 1.20
IV	$ 11.98	$ 0.75
V	$ 11.12	$ 0.80

	I.	$7.03
	II.	$28.14
	III.	$32.64
	IV.	$17.29