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The capital structure of Cain is presented below: Cain Debt 108 $140,000 280,000 Common stock Total $420,000 Common shares 28,000 Compute the stock price for

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The capital structure of Cain is presented below: Cain Debt 108 $140,000 280,000 Common stock Total $420,000 Common shares 28,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $58,000 (assume a 30 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price

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