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Erna Company is expected to pay a dividend of $2.41 one year from today and $2.56...

Erna Company is expected to pay a dividend of $2.41 one year from today and $2.56 two years from today. The company's sales in two years are expected to be $15,450,000. The company has a PS ratio of 1.59 times, and 521,500 shares outstanding. If the required return on the company's stock is 10.4 percent, what is the current stock price?

5.52

4.28

38.65

42.93

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