Question: Instructions Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc),

Instructions

Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc), and percentages as percentages to 2 decimal places (9.25 not .0925). Do not include labels such as $, %, or words. For multiple-choice questions, choose the best answer.

Oomingmak Company had earnings last year of $5.63 a share and these is expected to grow at 4.75% for the next 5 years. The average PE for the industry is 13.1. Using this information, Oomingmak's stock price in five years is estimated to be:

A.

$93.01.

B.

$67.43.

C.

$77.26.

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