Question 15 2 pts At year end, Malta Company balance sheet showed total assets of $60 million, total liabilities of $45 million, and 1,500,000 shares of common stock outstanding. Next year, Malta is projecting that it will have net income of $2.5 million. If the average P/E multiple in Malta's industry is 15, (and this is an average stock) what should be the price of Malta's stock? $21.50 $25.00 $23.00 $22.50