Last year, Rec Room Sports reported earnings per share of $8.30 when its stock price was $190.90. This year, its...

Last year, Rec Room Sports reported earnings per share of $8.30 when its stock price was $190.90. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)