Given the following pro forma statement shown below, how would you use the P/E Ratio to find the predicted stock price?

Avery Dennison Corporation Balance Sheet for 9/30/2021 Cash and equivalents: $253.70 Operating assets: 0.00 Property, plant, and equipment: 1,505 Other assets: 211.50 Total assets: $1,970.2

Current liabilities: $2,609,400 Long-term debt: 2,800,200 Other liabilities: 658,800 Total liabilities: $1,926.00 Paid in capital: $862.10 Retained earnings: 3,349.30 Total equity: $1,484.90 Total liabilities and equity: $6,076,022.9

Avery Dennison Corporation Income Statement for 9/30/2021 Net sales: $6,971.50 Cost of goods sold: 5,048.20 Gross profit: $1,923.30 Operating expense: 70.00 Operating income: $(5.40) Other income: 4.20 Net interest expense: 70.00 Pretax income: $10.58 Income tax: 177.70 Net income: $555.90

Earnings per share: $7.20 Shares outstanding: 84,000,000 Recent price: $213.95

Avery Dennison Corporation Cash Flow for 9/30/2021 Net income: $555,900 Depreciation and amortization: 205,300 Increase in operating assets: 160,300 Decrease in current liabilities: (170,200) Operating cash flow: $751,300

Net (purchase) sale of property: $6,971.50 Increase in other assets: 251,000 Investing cash flow: $(554,200)

Net (redemption) issuance of LTD: $(223,500) Dividends paid: (196,800) Financing cash flow: $(207,700)

Net cash increase: $(10,600)