Ghost riders company has an eps of $1.68 that is expected to grow at 8.8 percent per year. Price in 7 years is $58.97.
EPS = $1.68
PE Ratio = 19.45 times
growth rate, g = 8.8%
EPS7 = EPS * (1 + g)^7
EPS7 = $1.68 * 1.088^7
EPS7 = $3.0319
Price in 7 years = EPS7 * PE Ratio
Price in 7 years = $3.0319 * 19.45
Price in 7 years = $58.97
A company is a criminal entity shaped by a collection of individuals to interact in and function a business—business or commercial—corporation. A organisation may be prepared in diverse methods for tax and monetary liability functions depending at the corporate law of its jurisdiction.
Learn more about company here:https://brainly.com/question/25806993
#SPJ4
