Your company reported the following information: - Sales =$83,000,000 - Cost of Goods Sold =57% of Sales - Operating Expenses =8% of Sales - Interest expense =$68,000 - Operating capital = $10 million, originally raised as follows: - \$6.9 million as Common Stock, and remaining capital as Debt - Current WACC =6.71% - Number of Shares of Common Stock =1,000,000 shares - Earnings per share =$7.85 - 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 plus value that has been added.) Determine the current P/E ratio for this stock. 41.5199 margin of error +/2.5%