The table below gives you estimated per share data related to the S&P Industrials Sector Index for the year 2022. You are also informed that the estimated operating profit (EBIT) margin is 0.1 percent and the tax rate is 28 percent. If you expect the sector market P/E ratio to be 19.7, what is your estimate of the value of the index? (Hint: First calculate the estimated EPS of the index for 2022?) Estimates Sales Depreciation Interest expense $1936 98 56 Report your answer rounded to the nearest cent (that is, to two decimal places).

The table below gives you estimated per share data related to the S\&P Industrials Sector Index for the year 2022. You are also informed that the estimated operating profit ( EBIT ) margin is 0.1 percent and the tax rate is 28 percent. If you expect the sector market P/E ratio to be 19.7, what is your estimate of the value of the index? (Hint: First calculate the estimated EPS of the index for 2022?) Estimates Report your answer rounded to the nearest cent (that is, to two decimal places)