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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022. while the income statement
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022. while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. 2021 $ 4.500 2022 $ 4.600 Revenue Cost of goods sold Depreciation 1.900 2.000 600 620 Inventories 290 350 Administrative expenses 540 590 Interest expense 130 130 Federal and state taxes 420 440 Accounts payable 280 320 Accounts receivable 440 510 Net fixed assets 5,300 6.190 Long-term debt 1.800 2. 130 Notes payable 888 660 Dividends paid 440 440 Cash and marketable securities 850 500 *Taxes are paid in their entirety in the year that the tax obligation is incurred. *Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2022 is $6,500 and that the value of its long-term debt is only $1,930. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,700. This investment, of course, does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 562,000 shares of stock outstanding.) Note: Round your answer to 2 decimal places. Price per share
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