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Ajax, a private company is seeking to sell the firm. It has earnings of 1,200,000 on 350,000 shares. Epsilon Manufacturing is a direct competitor and

Ajax, a private company is seeking to sell the firm. It has earnings of 1,200,000 on 350,000 shares. Epsilon Manufacturing is a direct competitor and of equal size and profitability. Its stock sells for $21 per share and has earnings per share of $3.80. What is the value of Ajax?

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