Company A has a P$/$E ratio of $12,$ and Company B provides for equity

IPOs in the number of $2,000$ and net income $($at the end of reporting period$)$ in the

amount of $3,000,000$ USD. Companies A and B are comparable in terms of their

incomes $($earnings$),$ and Company B locks in $($the additional shares are not issued$)$

the current number of its equity shares. If the net income of Company B grows

continuously at annual rate of $2\%$ and assuming annual $($constant$)$ market discount

rate of $9\%,$ what is Company B$$s estimated stock price?