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7. You are provided with the following information about Javier Corporation. Sales for the year 2017were $500,000, the Net Profit Margin (NPM) was 15%. Analysts

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7. You are provided with the following information about Javier Corporation. Sales for the year 2017were $500,000, the Net Profit Margin (NPM) was 15%. Analysts project sales to grow by 12% next year (that is 2018). However, because of more competition, the NPM is expected to decline by 10% for the year 2017, The expected P/E multiple for the year 2018 is 22. The total number of shares outstanding is 20,000. Use the earnings multiplier model to calculate the expected price for Javier Corporation in the year 2018

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