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The capital structure for Cain Supplies is: Cain Supplies Debt @ 10% Common stock, $10 par Total $ 230,000 460,000 $ 690,000 46,000 Common shares

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The capital structure for Cain Supplies is: Cain Supplies Debt @ 10% Common stock, $10 par Total $ 230,000 460,000 $ 690,000 46,000 Common shares Compute the stock price for Cain if it sells at 20 times earnings per share and EBIT is $76,000. The tax rate is 30 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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