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The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% Common stock, $10 par Total Common shares $120,000 240,000 $360,000 24,000 Compute the

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The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% Common stock, $10 par Total Common shares $120,000 240,000 $360,000 24,000 Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $54,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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