(Answered) Szanto porsche is a publicly traded company that owns

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Szanto Porsche is a publicly traded company that owns Porsche dealerships. The stock price is currently $36 per share and there are 1,500,000 share outstanding. Szanto Porsche has a net income of $20.5m and it expects that it will increase by 15% next year. Assuming that Szanto Porsche's price/earnings ratio increases by 1, what will be its stock price in one year.

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