1. (P/E, effective tax rate, and currency depreciation) Trident is a U.S.-based multinational firm, with wholly owned subsidiaries in Brazil and Germany, in addition to domestic operations in the United States Trident is traded on the Nasdaq and currently has 2,400,000 shares outstanding. The basic operating characteristics of the various business units are as follows Local currency) US (dollar, S) (real, RS) (euro, ) $4,000,000 R$6,000,000 6,000,000 30% Brazil Germany Earning before tax (EBT) Corporate income tax rate 25% 40% Average exchange rate for period $0.30/R$ $1.60/ (a) The average PE ratio of Nasdaq comparable firms to Trident is 25. Assume Trident is also traded on the Nasdaq at this valuation multiple. What is the market price per share of Trident? (PE ratio market price per sharelearnings per share) (b) What is Trident's effective tax rate on a global basis (effective tax ratetotal taxes paid in S as a percentage of total EBTs in S)? (c) If euro depreciated by 12.5% against $, what would be Trident's new consolidated EPS in $