Jason corporation had after-tax income of 15000 with 10000, Ask an Expert

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Jason Inc had after-tax income of $15,000 with 10,000 stock shares outstanding. The two owners are trying to find the equilibrium market value for the stock prior to going public. A similar company had a price/earnings ratio of 5.0. Estimate the market value of Jason stock. Please show formula and example of calculation.

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