Problem:
Plush Pilots, Inc., has balance sheet equity of $5.1 million. At the same time, the income statement shows net income of $724,200. The company paid dividends of $416,415 and has 150,000 shares of stock outstanding. If the benchmark PE ratio is 20,
Required:
Question: What is the target stock price in one year?
Note: Please show how you came up with the solution.