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he capital structure of Cain is presented below: CainDebt @ 10%$50,000Common stock100,000Total$150,000Common shares10,000 Compute the stock price for Cain Auto Supplies if it sells at

he capital structure of Cain is presented below:

CainDebt @ 10%$50,000Common stock100,000Total$150,000Common shares10,000

Compute the stock price for Cain Auto Supplies if it sells at 12 times EPS and EBIT is $40,000 (assume a 30 percent tax rate).(Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Stock price$?

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