A consultant has collected the following information regarding Young Publishing:
| Total assets |
$3,000 million |
Tax rate |
40% |
| Operating income (EBIT) |
$ 800 million |
Debt ratio |
0% |
| Interest expense |
$ 0 million |
WACC |
10% |
| Net income |
$ 480 million |
M/B ratio |
1.00´ |
| Share price |
$32.00 |
EPS = DPS |
$3.20 |
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