Question: Attempts: Keep the highest: /3 5. Problem 7-05 (Intrinsic Price per Share Based on FCFS) eBook Intrinsic Price per Share Based on FCFS Blunderbluss Manufacturing's

Attempts: Keep the highest: /3 5. Problem 7-05 (Intrinsic Price per Share Based on FCFS) eBook Intrinsic Price per Share Based on FCFS Blunderbluss Manufacturing's balance sheets report $265 million in total debt, $79 million in short-term investments, and $60 million in preferred stock. Blunderbluss has 20 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $875 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent

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