(Answered) Plush pilots inc has balance sheet equity of 54 million at

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Plush Pilots, Inc., has balance sheet equity of $5.4 million. At the same time, the income statement shows net income of $783,000. The company paid dividends of $438,480 and has 100,000 shares of stock outstanding. If the benchmark PE ratio is 18, what is the target stock price in one year?

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