Hi expert please give me answer general accounting question Analysts are projecting that TechGlobeSolutions will have earnings per share of$2.75. If the average industry P/E ratio isabout 22, what is the current price ofTechGlobe Solutions?

FormulaCurrent Price = Projected Earnings Per Share (EPS) * Industry P/E Ratio Calculation Current…

Answered: Analysts are projecting that TechGlobe…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter12: Corporate Valuation And Financial Planning

Section12.6: Additional Funds Needed (afn) Equation Method

Problem 5ST

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a. Given the following information, calculate the expected value for Firm C’s EPS. Datafor Firms A and B are as follows: E(EPSA) =$5.10, σA =$3.61, E(EPSB) =$4.20, and σB = $2.96. b. You are given that σC = $4.11. Discuss the relative riskiness of the three firms’ earnings.

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Analysts are projecting that TechGlobe Solutions will have earnings per share of $2.75. If the average industry P/E ratio is about 22, what is the current price of TechGlobe Solutions?