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A company s annual EBIT is 6 0 0 euro and its return on assets equals 1 2 % . This company has 1 0

A companys annual EBIT is $600$ euro and its return on assets equals $12 % .$ This company has

$100$ shares outstanding and its market value of debt is $2000 .$ The companys debt is

perpetual and the EBIT is expected to remain constant every year and perpetual. What is

the price per share of the firm?

a $. 6$ euro

b $. 20$ euro

c $. 30$ euro

d $.$ None of the above

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