Lane Inc Just Reported Net Income Of 2 800 000 And Its Current Stock Price Is 30

Lane inc just reported net income of $2,800,000 and its current stock price is $30 per share. lane is forecasting $4000000 in net income next year, but it also expects it will have to issue 300,000 new shares of stock ( raising its shares outstanding from 1,500,000 to 1,800,000). If lane’s forecast turns out to be right, and its price/earnings (P/E) ratio does not change, what does lane expect its stock price to be one year from now”

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.

Order a Similar Paper Order a Different Paper