MedTech has yearly sales of $31 million and costs of $17.4 million. The company s balance sheet shows debt of $25 million and cash of $6.5 million. There are 3 million shares outstanding, and the industry EV/EBITDA multiple is 7.4. What is the stock price per share? (Hint: you need to determine the enterpise value first).

$28.71

$26.42

$27.38

$29.13

$25.89