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You notice that Calverton Sodas has a share price of $ 4 0 . 3 3 and EPS of $ 1 . 9 2 .

You notice that Calverton Sodas has a share price of $40.33 and EPS of $1.92. Its competitor Perce Soda has
EPS of $3.83. Jade, a much smaller batch craft soda producer, has a P/E ratio of 34. Based on this information,
what is one estimate of the value of a share of Perce Soda stock?
One share of Perce Soda stock is valued at $
(Round to the nearest cent.)
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