48 Based on the information in the table, what is the share price when the price to earnings (P/E) multiple of a comparable company is 17x?

Income Statement	Millions
Sales	$3,000
EBITDA	$2,200
EBIT	$1,750
Net Income	$1,100

Balance Sheet	Millions
Cash and Cash Equivalents	$120
Short Term Interest Bearing Debt	$210
Long Term Interest Bearing Debt	$850
BV Equity	$1,500

Shares Outstanding in Millions	100
Share Price

$151

$169

$187

$148