Fly away inc has balance sheet equity of 59 million at the, Ask an Expert

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Fly Away, Inc., has balance sheet equity of $5.9 million. At the same time, the income statement shows net income of $885,000. The company paid dividends of $473,475 and has 150,000 shares of stock outstanding. If the benchmark PE ratio is 23, what is the target stock price in one year (DO NOT ROUND INTERMEDIATE CALCULATIONS, ROUND FINAL ANSWER TO 2 DECIMAL PLACES)

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Financial Management, Finance

Category:- Financial Management
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