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The capital structure of Cain is presented below: Debt @ 10% Gonnon stock Cain $200,000 400,000 Total $600,000 Common shares 40,000 Compute the stock price

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The capital structure of Cain is presented below: Debt @ 10% Gonnon stock Cain $200,000 400,000 Total $600,000 Common shares 40,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $70.000 (assume a 30 percent tax rate) (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price $ The capital structure of Cain is presented below Debt les Common stock Cain $200,000 400,000 Total $600,000 Common shares 40,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $70,000 (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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