Your company reported the following information: - Sales = $119,000,000 - Cost of Goods Sold =67% of Sales - Operating Expenses =8% of Sales - Interest expense =$55,000 - Operating capital = $10 million, originally raised as follows: - $7.7 million as Common Stock, and remaining capital as Debt - Current WACC =10.96% - Number of Shares of Common Stock =1,000,000 shares - Earnings per share =$11.56 - Tax rate =24% - Depreciation =$0 per year - Additional investments in assets needed after Year 0=$0 Based on this information, you should now be able to determine the economic value added (EVA). Now make the following assumptions: (1) this EVA will occur every year forever (a perpetuity). (2) the book value of debt is a good proxy for the market value of debt, and (3) the intrinsic price per share accurately reflects the current market price of the firm's stock. (Hint: it is a function of what the investors originally paid plu value that has been added.) Determine the current P/E ratio for this stock