Compute the stock price for cain auto supplies if it sells


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.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Compute the stock price for cain auto supplies if it sells
Reference No:- TGS02864926

Expected delivery within 24 Hours