Answers
Enterprise Value = Value of Debt + Value of Equity - Value of Cash
$90.00 million = $20.00 million + Value of Equity - $2.00 million
Value of Equity = $72.00 million
Price per Share = Value of Equity / Number of Shares Outstanding
Price per Share = $72.00 million / 15.00 million
Price per Share = $4.80
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