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Question 4 ( 1 point ) Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $ 1 3
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Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $ million this year. The company currently has million shares, $ million cash, and no debt. It also has a plan to issue million shares. Calculate the share price of Coconut Inc. based on the average EBIT multiple of similar companies:
tableRay Products Corp.,ByceFrasier, Inc.,Fire IndustriesMarket value of equity,Value of debt,CashEBIT
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 $ then write in the answer box below.
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