Market Value Estimation of XYZ Corp Using P/E Ratio

XYZ Corp, a publicly traded technology company, recently reported an increase in revenue due to a surge in demand for its software solutions. The company is analyzing a group of comparable firms to assess its market value using the price-to-earnings (P/E) ratio method. XYZ Corp's earnings per share (EPS) is $5, and it seeks to determine an appropriate P/E multiple for valuation. The average P/E ratios of its five closest competitors are as follows: 20, 25, 22, 24, and 27.

Based on this data, what is the estimated market value per share of XYZ Corp?