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The capital structure for Cain Supplies is: Cain Supplies Debt @ 10% Common stock, $10 par Total Common shares $ 290,000 580,000 $ 870,000 58,000 Compute the stock price for Cain if it sells at 20 times earnings per share and EBIT is $88,000. The tax rate is 30 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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Deht 2900 0 21000 800 D 2100 ET

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