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Please male sure the answer is correct and explain how you got it, thanks! ...

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Finance

Please male sure the answer is correct and explain how you got it, thanks!
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You have found the following historical information for the Daniela Company: Earnings are expected to grow at 9 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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