1. A firm has earnings per share of $1.87. The firm has 202,600.00 shares outstanding. The firm will pay $243,975.00 in interest this year. If the corporate tax rate is 35.00%, what is the implied EBIT based on this information?
2. A firm has a price-to-earnings (P/E) ratio of 9.00. The firm has 516.00 million shares outstanding and net income of $384.00 million.
What is the market price per share of the firm’s equity?
3. What is the tuition payment that can be made over 4 years, at the beginning of each year, with an account balance of $50,000 earning 6% annually?