Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT $642, 100 409,800 138,400 $ 93,900 15,600 $ 78,300 27500 $ 50,800 Interest Taxable income Taxes Net income Dividends $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 Cash Accounts receivable Inventory 2015 2014 $ 32,300 $ 46,900 50,700 58,300 70,500 75,800 2015 2014 $ 58,900 $ 61,200 20,000 30,000 134,700 164,500 Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earnings Total liabilities & owners' equity Net fixed assets 504,500 461.000 220.000 224,400 200,000 186 300 Total assets $658.000 $642.000 3658.000 $642.000 Deep Falls Timber has a price-earnings ratio for 2015 of 28.15. Assuming no paid-in surplus, what is the market price per share of stock