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2018 Revenue $5,000 Cost of goods sold 1,800 Depreciation 590 Inventories 290 Administrative expenses 540 Interest expense 280 Federal and state taxes* 560 Accounts payable

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2018 Revenue $5,000 Cost of goods sold 1,800 Depreciation 590 Inventories 290 Administrative expenses 540 Interest expense 280 Federal and state taxes* 560 Accounts payable 280 Accounts receivable 450 Net fixed assets 5,700 Long-term debt 1,500 Notes payable 990 Dividends paid 360 Cash and marketable securities 850 2019 $5,100 1,900 610 340 590 280 580 350 500 6,350 1,890 560 360 340 * Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2019 is $6,640 and that the value of its long-term debt is only $1,690. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $3,000. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 592,000 shares of stock outstanding.) (Round your answer to 2 decimal places.) Price per share 2018 Revenue $5,000 Cost of goods sold 1,800 Depreciation 590 Inventories 290 Administrative expenses 540 Interest expense 280 Federal and state taxes* 560 Accounts payable 280 Accounts receivable 450 Net fixed assets 5,700 Long-term debt 1,500 Notes payable 990 Dividends paid 360 Cash and marketable securities 850 2019 $5,100 1,900 610 340 590 280 580 350 500 6,350 1,890 560 360 340 * Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2019 is $6,640 and that the value of its long-term debt is only $1,690. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $3,000. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 592,000 shares of stock outstanding.) (Round your answer to 2 decimal places.) Price per share

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