Question: Given the information below for Sugar Rush, compute the expected share price by the end of 2023 using price P/E. Assume that the historical arithmetic

Given the information below for Sugar Rush, compute the expected share price by the end of 2023 using price P/E. Assume that the historical arithmetic average growth rates will remain the same. For 2018, the EPS was $4.50. Hint: calculate the average EPS growth rate and the average P/E.

Year 2019 2020 2021 2022
Price $65 $58 $76 $98
EPS $4.50 $4.00 $5.50 $6.00

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