What is the estimated value of tall tree timber

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Reference no: EM131016155

Tall Tree Timber has net income of $167,000 for the year with 60,000 shares of stock outstanding. Big Trees is a similar firm with similar growth opportunities and it has 75,000 shares of stock outstanding with a market price of $32.20 a share and earnings per share of $1.60. What is the estimated value of Tall Tree Timber?

Reference no: EM131016155

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