Balance sheet equity-income statement shows net income

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Fly Away, Inc., has balance sheet equity of $5.5 million. At the same time, the income statement shows net income of $803,000. The company paid dividends of $445,665 and has 100,000 shares of stock outstanding. If the benchmark PE ratio is 19, what is the target stock price in one year?

Reference no: EM13873563

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