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You notice that Coca-Cola has a stock price of $40.29 and EPS of $1.89. Its competitor PepsiCo has EPS of $3.43. But, Jones Soda, a

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You notice that Coca-Cola has a stock price of $40.29 and EPS of $1.89. Its competitor PepsiCo has EPS of $3.43. But, Jones Soda, a small batch craft soda producer has a P/E ratio of 34.1. Based on this information, what is one estimate of the value of a share of PepsiCo stock? One share of PepsiCo stock is valued at \$ . (Round to the nearest cent.)

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