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The capital structure for Cain Supplies is: Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is

The capital structure for Cain Supplies is: Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $42,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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