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11. Multiples method of common stock valuation: The firm has sales = $1.5m, Debt = $1m, no preferred stock, and has 1.6m common shares outstanding.

11. Multiples method of common stock valuation: The firm has sales = $1.5m, Debt = $1m, no preferred stock, and has 1.6m common shares outstanding. The company's competitors have an average Total Value of $44m and sales of $2m. What is the stock price of the company? a. $36.67 b. $33 c. $20 d. $32

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