Amazin has 4.75 million shares of common stock outstanding and a P/E ratio of 16. Use the income statement below (also in millions) to calculate Amazins stock price.

Amazin Income Statement - Year Ended Dec. 31, 2020

(in millions USD)

Revenues

$1,120

Cost of sales

$780

Gross Profit

$340

Selling, general & admin expenses

$85

Depreciation

$60

Earnings Before Interest and Taxes (EBIT)

$195

Interest expense

$40

Taxable Income

$155

Taxes (34%)

$53

Net Income

$102