Exhibit 14 -You Are Provided with the Following Information About Javier Corporation

Exhibit 14.5
Use the Information Below for the Following Problem(S)
$$\begin{array} { l c c } & \text { Wal-Elue } & \text { Industry } \\ \text { DPS } & 1.00 & 1.50 \\\text { Total As5et Tunover } & 3.20 & 2.50 \\\text { Net Profit Marpin } & 3.50 \% & 3.00 \% \\\text { EpS } & 4.00 & 3.00 \\\text { Total As5ets/Equity } & 3.00 & 4.00\end{array}$$
-You are provided with the following information about Javier Corporation.Sales for the year 2010 were $500,000,the Net Profit Margin (NPM) was 15%.Analysts project sales to grow by 12% next year (that is 2011) .However,because of more competition,the NPM is expected to decline by 10% for the year 2010.The expected P/E multiple for the year 2011 is 22.The total number of shares outstanding is 20,000.Use the earnings multiplier model to calculate the expected price for Javier Corporation in the year 2011.

A) $74.25
B) $61.6
C) $82.5
D) $83.16
E) $101.64