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Sunland Motors is a chain of used car dealerships that has publicly traded stock. Using the adjusted book value approach, you have estimated the value
Sunland Motors is a chain of used car dealerships that has publicly traded stock. Using the adjusted book value approach, you have estimated the value of Sunland Motors to be $42,000,000. The company has $37.5 million of debt outstanding. Its stock price is $6.4 per share, and there are 1,580,000 shares outstanding. What is the going concern value of Sunland Motors?
The going concern value of Sunland Motors is $enter the going concern value of the company in dollars |
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