Question $12,$ Problem $7-36$

HW Score: $83\mathrm{.}33\%,10$ of $12$ points

Points: $0$

You notice that Calverton Sodas has a share price of $$40\mathrm{.}18$ and EPS of $$1\mathrm{.}97.$ Its competitor Pelham Soda has EPS of $$3\mathrm{.}82.$ Jericho, a much smaller batch craft soda producer, has a P$/$E ratio of $32.$ Based on this information, what is one estimate of the value of a share of Pelham Soda stock?

One share of Pelham Soda stock is valued at $

$($Round to the nearest cent.$)$