Calcuate estimated net income for next year

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An investor estimates that next year's sales for Gyna Inc should amount to about 56 USD million.

The company has 3.7 million shares outstanding, generates a net profit margin of about 8% , and has a payout ratio of 45%.assuming the P/E ratio is 31the latest stock price is 72 usd per share.

All figures are expected to hold for next year. Given this information calcuate Estimated net income for next year.

Reference no: EM131308608

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