Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $14,0 million this year. The company currently has 12,0 million shares, $11,0 million cash, and no debt. It also has a plan to issue 23,0 million shares. Calculate the share price of Coconut Inc. based on the average EBIT multiple of similar companies: Market value of equity Value of debt Cash EBIT Ray Products Corp. 200 45 15 23 Rponse Byce-Frasier, Inc. Fire Industries 160 30 10 9 140 10 2 12 Instructions: Round the result to two decimal places and do not put the "$" symbol in the answer box. For example if you get a result of $17.8492 then write 17.85 in the answer box below. Votre rponse: