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The capital structure of Cain is presented below: Cain Debt @ 9% $100,000 Common stock 200,000 Total $300,000 Common shares 20,000 Compute the stock price
The capital structure of Cain is presented below: Cain Debt @ 9% $100,000 Common stock 200,000 Total $300,000 Common shares 20,000 Compute the stock price for Cain Auto Supplies if it sells at 19 times EPS and EBIT is $50,000 (assume a 20 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price $
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