Due to growing demand for computer software, the Perry Company has had a very successful year and expects its earnings per share to grow by 25 percent to reach $5.50 for this year. Estimate the price...

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Extracted text: Due to growing demand for computer software, the Perry Company has had a very successful year and expects its earnings per share to grow by 25 percent to reach $5.50 for this year. Estimate the price of the company's common stock assuming price/earnings ratio of the two competitors of Perry is 12. Assume one is more similar to Perry than another and it bears 70% weight. 60 O 66 O 75 O 5