Calculate 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 informationcalcuate
Estimated net income for next year

Reference no: EM131307676

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