Problem regarding the target stock price

Reference no: EM131000474

Fly Away, Inc., has balance sheet equity of $6.9 million. At the same time, the income statement shows net income of $855,600. The company paid dividends of $419,244 and has 120,000 shares of stock outstanding. If the benchmark PE ratio is 33, what is the target stock price in one year?

Reference no: EM131000474

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