Question: Problem 9 - 2 7 Stock Valuation and EV FFDP Corporation has yearly sales of $ 2 9 . 6 million and costs of $

Problem 9-27 Stock Valuation and EV
FFDP Corporation has yearly sales of $29.6 million and costs of $15.1 million. The company's balance sheet shows debt of $55.6 million and cash of $39.6 million. There are 1,960,000 shares outstanding and the industry EV/EBITDA multiple is 9.1.
a. What is the company's enterprise value? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,1,234,567.)
b. What is the stock price per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[a. Enterprise value,$,16x
 Problem 9-27 Stock Valuation and EV FFDP Corporation has yearly sales

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