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ABC Corp. provides you with the following data:

Sales: $500,000; Selling Expense $40,000; Operating profit; $300,000; Interest expense: $25,000; Net Income: $100,000; Common stock (par): $16,000; Paid-in capital in exces of par: $214,000; total number of common shares outstanding: 46,000.

a. Given the above (and asuming no flotation costs) what was the price of a share of common stock when it was sold? (8 points)

b. Assuming no preferred stock, what was the EPS? (2 points)