Plush pilots inc has balance sheet equity of 60 million at

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Plush Pilots, Inc., has balance sheet equity of $6.0 million. At the same time, the income statement shows net income of $906,000. The company paid dividends of $480,180 and has 200,000 shares of stock outstanding. If the benchmark PE ratio is 24, what is the target stock price in one year? (do not round intermediate answers, round final answer to 4 decimal places)

Reference no: EM13569083

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