Question: Based on the information in the table, what is the share price when the price to book (P/B) multiple of a comparable company is 2.5x?

Based on the information in the table, what is the share price when the price to book (P/B) multiple of a comparable company is 2.5x?

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

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