The capital structure for Cain Supplies is: Cain Supplies Debt @ 9% Common stock, $10 par Total Common shares $250,000 500,000 $750,000 50,000 Compute the stock price for Cain if it sells at 16 times earnings per share and EBIT is $80,000. The tax rate is 20 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price