Question $20(1$ point$)$

Coconut Inc. is a private firm that produces industrial laser equipment. It has

expected EBIT of $$0\mathrm{.}0$ million this year. The company currently has $16\mathrm{.}5$ million

shares, $$3\mathrm{.}5$ million cash, and no debt. It also has a plan to issue $28\mathrm{.}5$ million shares.

Calculate the share price of Coconut Inc. based on the average EBIT multiple of

similar companies:

the answer box. For exampl to two decimal places and do not put the $"$ $ $"$ symbol in

answer box below.

Your Answer: