Reference no: EM132478739

                                              2018                           2019

Revenue                                  4,000                     4,100

Costs of Goods Sold                 1,600                       1,700

Deprecation                               500                        520

Inventories                                300                        350

Administrative expenses               500                           550

Interest Expense                         150                          150

Federal and State Taxes              400                         420

Accounts payable                       300                            350

Accounts Receivable                     400                         450

Net Fixed Assets                           5,000                     5,800

Long term debt                              2,000                   2,400

Note Payable                                 1,000                     600

Dividends paid                                  410                      410

Cash and Marketable securities              800                    300

• Taxes are paid in their entirety in the year that the tax obligation incurred.
• Net Fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

Question 1: Suppose that the market value (in thousands of dollars) of the following corporations fixed assets in 2019 is $6,000 and that the value of its long term debt is only 2,200. In addition the consensus among investors is that the following corporations past investments in developing the skills of its employees are worth 2,900. This investment of course does not show up on the balance sheet. What will the price per share of the given companies stock? (assume 500,000 shares of stock outstanding.) Round the answer to two decimal places