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15. Firm A has a price-to-earnings ratio of 3.9 -to-1. Firm B has recently reported sales of $56 million. Firm B also has shares outstanding

15. Firm A has a price-to-earnings ratio of 3.9 -to-1. Firm B has recently reported sales of $56 million. Firm B also has shares outstanding of 2,500,000 and a reported net income of $86,750,000.

What is the price per share of Firm B according to the comparable multiples approach?

A. $135.33

B. $99.87

C. $87.36

D. $91.08

E. $61.42

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