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The company is equally owned by Carrington and Genevieve. The original agreement between the siblings gave each 50,000 shares of stock. Larissa has asked Dan

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The company is equally owned by Carrington and Genevieve. The original agreement between the siblings gave each 50,000 shares of stock. Larissa has asked Dan to determine a value per share of Ragan stock. To accomplish this, Dan has gathered the following information about some of Ragan's competitors that are publicly traded: EPS DPS Stock Price ROE R Blue Ribband Motors Corp. $ .81 3.20 $14.18 10.00% 10.00% Bon Voyage Marine, Inc. 1.38 .62 11.87 13.00 13.00 Nautilus Marine Engines -.46 .38 13.21 14 00 12 00 Industry average $ 58 5.404 $13.09 12.33% 11.67% Nautilus Marine Engines's negative earnings per share (EPS) were the result of an accounting write-off last year. Without the write. off, EPS for the company would have been $1.60, Last year, Ragan had an EPS of $4.54 and paid a dividend to Currington and Genevieve of $60,000 each. The company also had a return on equity of 18 percent. Larissa tells Dan that a required return for Ragan of 18 percent is appropriate. 6. Carrington and Genevieve are not sure if they should sell the company. If they do not sell the company outright to East Coast Yachts, they would like to try and increase the value of the company's stock. In this case, they want to retain control of the company and do not want to sell stock to outside investors. They also feel that the company's debt is at a manageable level and do not want to borrow more money. What steps can they take to try to increase the price of the stock? Are there any conditions under which this strategy would not increase the stock price

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