You are going to use the market multiple approach to value your company. Your company currently has $5\mathrm{.}7$ million shares outstanding and the condensed financial statements are below.

Balance Sheet

Assets $($net$)$

$$25,500,000$

Debt

$14,000,000$

Equity

$11,500,000$

Income Statement

Sales

$$40,000,000$

Costs

$25,000,000$

Operating Profit

$15,000,000$

Interest Exp

$1,000,000$

Taxable Income

$14,000,000$

Tax $(35\%)$

$4,900,000$

Net Income

$$9,100,000$

You collect a set of comparable companies having a P$/$BK multiple of $5\mathrm{.}0.$ What is your company$$s estimated price per share?