What is the target stock price in one year

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Reference no: EM131065699

Fly Away, Inc., has balance sheet equity of $5.9 million. At the same time, the income statement shows net income of $885,000. The company paid dividends of $473,475 and has 150,000 shares of stock outstanding. If the benchmark PE ratio is 23, what is the target stock price in one year?

Reference no: EM131065699

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