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You notice that Cocheco Sodas has a share price of $40.53 and EPS of $1.99. Its competitor Pelham Soda has EPS of $3.91. Joliet, a

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You notice that Cocheco Sodas has a share price of $40.53 and EPS of $1.99. Its competitor Pelham Soda has EPS of $3.91. Joliet, a much smaller batch craft soda producer, has a P/E ratio of 38 . Based on this information, what is one estimate of the value of a share of Pelham Soda stock? One share of Pelham Soda stock is valued at \$ (Round to the noarest cent.)

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