Valuation using P/E ratio Nevada inc. recently reported net income of $8 million. It has 540,000 shares of common stock, which current trades at $21 a share. The CEO anticipates that 1 year from now, its net income will be $13.2 million. Over the next year it also anticipates issuing an additional 81,000 shares of stock. Assume that firm's P/E ratio remains at its current level, what will be its stock price 1 year from now?