Question: USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Consider the following information that you propose to use to obtain an estimate of year 2004 EPS

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Consider the following

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Consider the following information that you propose to use to obtain an estimate of year 2004 EPS for the MacLog Company. Estimated Year 2019 Year 2020 GDP 11,000 Billion 3.5% $800 GDP growth Sales per share Operating profit margin Depreciation/Fixed Assets Fixed asset turnover 12% 14% 2 Interest rate 3.5% Total asset turnover 0.7 45% Debt/Total assets Tax rate 36% In addition, a regression analysis indicates the following relationship between growth in sales per share for MacLog, and GDP growth is %A Sales per share = 0.015 + 0.75(%A GDP) Refer to Exhibit 9.6. Calculate the firm's EBT per share for the year 2020. O a. $19.63 b. $13.29 c. $22.91 d. $27.89 e. $18.75

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