Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $$15\mathrm{.}0$ million this year. The company currently has $10\mathrm{.}0$ million shares, $$2\mathrm{.}5$ million cash, and no debt. It also has a plan to issue $79\mathrm{.}5$ million shares. Calculate the share price of Coconut Inc. based on the average EBIT multiple of similar companies:

Ray Products Corp. Byce$-$Frasier, Inc. Fire Industries

Market value of equity $280250130$

Value of debt $20405$

Cash $8182$

EBIT $201715$