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11. New Metals has depreciation of $28,300, interest expense of $11,400, EBIT of $62,700, a price- earnings ratio of 8.6, a profit margin of

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11. New Metals has depreciation of $28,300, interest expense of $11,400, EBIT of $62,700, a price- earnings ratio of 8.6, a profit margin of 7.2 percent, a tax rate of 21 percent, and 37,500 shares of stock outstanding. What is the market price per share? Record as a dollar amount rounded to 2 decimal places.

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