Fly away inc has balance sheet equity of 68 million at the


Fly Away, Inc., has balance sheet equity of $6.8 million. At the same time, the income statement shows net income of $836,400. The company paid dividends of $414,018 and has 200,000 shares of stock outstanding. If the benchmark PE ratio is 32, what is the target stock price in one year?

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Financial Management: Fly away inc has balance sheet equity of 68 million at the
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