Question: 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?

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

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