Compute the stock price for cain auto supplies

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Reference no: EM132071466

The separate capital structures of Cain is presented below: Cain Debt @ 8% $180,000 Common stock 360,000 Total $540,000 Common shares 36,000 Compute the stock price for Cain Auto Supplies if it sells at 15 times EPS and EBIT is $66,000 (assume a 10 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Reference no: EM132071466

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