Question: Problem 4-31 Valuing a business Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2019

Problem 4-31 Valuing a business Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made

Problem 4-31 Valuing a business Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2019 are as follows: c. If the net income for 2019 is $1 million, what is Phoenix's P/E ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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