Question: 48 Based on the information in the table, what is the share price when the price to earnings (P/E) multiple of a comparable company is

48 Based on the information in the table, what is the share price when the price to earnings (P/E) multiple of a comparable company is 17x?

Income Statement Millions
Sales $3,000
EBITDA $2,200
EBIT $1,750
Net Income $1,100
Balance Sheet Millions
Cash and Cash Equivalents $120
Short Term Interest Bearing Debt $210
Long Term Interest Bearing Debt $850
BV Equity $1,500
Shares Outstanding in Millions 100
Share Price

$151

$169

$187

$148

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