Question: Please help solve! Thank you Chapter 5 Assignment 8 769 points Book Pra Problem 5-17 (Algo) P/E ratio [LO5-6) The capital structure for Cain Supplies

Please help solve! Thank you

Chapter 5 Assignment 8 769 points Book Pra Problem 5-17 (Algo) P/E ratio [LO5-6) The capital structure for Cain Supplies is: Cain Supplies Debt Common stock. $10 par Total Common shares Stock price $ 300,000 600,000 $900,000 60,000 Seve Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $90,000. The tax rate is 10 percent. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Help Save & Exit Submit Check my work

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