Please show work so I can unserstand what to do please!

The capital structure for Cain Supplies is:

Cain Supplies
Debt @ 8%	$	300,000
Common stock, $10 par		600,000
Total	$	900,000
Common shares		60,000

Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $90,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

$