(Answered) Determine the net income of a comparable firm based on the

Engineering

Determine the net income of a "comparable" firm based on the following information: value of target firm = $4,000,000; net income of target firm = $200,000; stock price of "comparable" firm = $30.00; and 300,000 shares of stock outstanding for the comparable firm.

a. $450,000 The answer should be "a" but how do I get to this number?

b. $500,000

c. $550,000

d. $600,000

e. $700,000

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