The capital structure for Cain Supplies is: Cain Supplies Debt@10% Common stock, $10 par $...
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The capital structure for Cain Supplies is: Cain Supplies Debt@10% Common stock, $10 par $ 140,000 280,000 $ 420,000 Total 28,000 Common shares Compute the stock price for Cain if it sells at 17 times earnings per share and EBIT is $58,000. The tax rate is 30 percent. (Do not round interm decimal places.) Stock price
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