Attempts Average / 1 21. Problem 4.21 (P-E and Stock Price) eBook Problem Walk-Through Ferrell Inc recently reported net income of $10 million. It has 420,000 shares of common stock, which currently trades at $41 a share. Perrell continues to expand and anticipates that 1 year from now, its net income will be $15.5 million. Over the next year, it also anticipates issuing an additional 105,000 shares of stock so that 1 year from now it will have 525,000 shares of common stock. Assuming Ferrell's price/carings ratio remains at its current level, what will be its stock price 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent. Grade it Now Save & Continue Continue without saving