A company has current EPS of $1.42 and a projected EPS growth of 14%. Historically, the firm's P/E ratio has been 24.8 with sales per share of $7.20. What is the expected share price next year?
A) $40.15
B) $42.14
C) $48.67
D) $46.31
E) $39.97
Correct Answer:
Verified
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