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You are going to use the market multiple approach to value your company. Your company currently has 1 . 1 million shares outstanding and the

You are going to use the market multiple approach to value your company. Your company currently has 1.1 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 Price/revenue multiple of 2.11. What is your companys estimated price per share?

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