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Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes. Accounts payable Accounts receivable Net fixed assets Long-term debt Notes

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Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes. Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000 1,600 500 300 500 150 400 300 400 5,000 2,000 1,000 410 BOD 2016 $4,100 1,700 520 350 550 150 420 350 450 5,800 2,400 600 410 300 Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value in thousands of dollars) of Fincorp's fixed assets in 2016 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that incorp's past investments in developing the skills of its employees are worth $2,900. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 500,000 shares of stock outstanding.) (Round your answer to 2 decimal places.)

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