Kronlund Corp., which produces education-related widegets, has net income of $17.2 millions, and 7.98 million shares outstanding.

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Kronlund Corp., which produces education-related widegets, has net income of $17.2 millions, and 7.98 million shares outstanding.

Other firms in the same industry have a P/E ratio of 19.1. What is the estimated price per share of Kronlund Corp's stock, using the comparables method?