Question: RSVP Inc. is privately held and is doing a considerable amount of work to determine if it wants to go public in the future. RSVP

RSVP Inc. is privately held and is doing a considerable amount of work to determine if it wants to go public in the future. RSVP has an EPS of $2.45 and has been experiencing an earnings growth rate of 8%, which it expects will continue. If the benchmark PE ratio is 23, what is the target share price five years from now?

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