Howie Co. has a cash flow per share of $1.65 and a price/cash flow ratio of 20.3. The current EPS is $0.58. If cash flows are expected to grow at 8.6 percent what is the share price in one year?
A) $39.62
B) $36.38
C) $38.57
D) $37.32
E) $35.61
Correct Answer:
Verified
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