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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 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 (EB/T) 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)
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