Question: Flex Company just paid total dividends of $ 1 , 0 2 5 , 0 0 0 and reported additions to retained earnings of $

Flex Company just paid total dividends of $1,025,000 and reported additions to retained earnings of $3,075,000. The company has 695,000 shares of stock outstanding and a benchmark PE of 17.1 times. What stock price would you consider appropriate?

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