Compute the stock price for cain

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Reference no: EM131859764

The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% $ 210,000 Common stock, $10 par 420,000 Total $ 630,000 Common shares 42,000 Compute the stock price for Cain if it sells at 18 times earnings per share and EBIT is $72,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131859764

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