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Question 7 (1 point) Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $18,0 million this year. The company currently has 19,5 million shares, $10,5 million cash, and no debt. It also has a plan to issue 53,5 million shares. Calculate the share price of Coconut Inc. based on the average EBIT multiple of similar companies: Instructions: Round the result to two decimal places and do not put the "\$" symbol in the answer box. For example if you get a result of $17.8492 then write 17.85 in the answer box below. Question 7 (1 point) Coconut Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $18,0 million this year. The company currently has 19,5 million shares, $10,5 million cash, and no debt. It also has a plan to issue 53,5 million shares. Calculate the share price of Coconut Inc. based on the average EBIT multiple of similar companies: Instructions: Round the result to two decimal places and do not put the "\$" symbol in the answer box. For example if you get a result of $17.8492 then write 17.85 in the answer box below