Flex Company just paid total dividends of $525,000 and reported additions to retained earnings of $1,575,000. The company has 495,000 shares of stock outstanding and a benchmark PE of 15.1 times. What stock price would you consider appropriate?单项选择题

A

$16.02

B

$48.05

C

$57.65

D

$60.86

E

$64.06

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