Question: Plush Pilots Inc has balance sheet equity of 6 4 million
Plush Pilots, Inc., has balance sheet equity of $6.4 million. At the same time, the income statement shows net income of $950,000. The company paid dividends of $485,000 and has 190,000 shares of stock outstanding. If the benchmark PE ratio is 16, what is the target stock price in one year?
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