(Answered) Sick whips is a publicly traded company that owns

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Sick Whips is a publicly traded company that owns Mercedes-Benz dealerships. The stock price is currently $52 per share and there are 1,000,000s share outstanding. Sick Whips has a net income of $13.2m and it expects that it will increase by 20% next year. Assuming that Sick Whips' price/earnings ratio increases by 1, what will be its stock price in one year.

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