The target company has sales of $2 million,earnings of $1 million,and cash flows to equity of $1.1 million.The industry P/E ratio is 16.5.What is the valuation of the target company?
A) $16.5 million
B) $33 million
C) $18.15 million
D) $10 million

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The Answer of The target company has sales of $2 million,earnings of $1 million,and cash flows to equity of $1.1 million.The industry P/E ratio is 16.5.What is the valuation of the target company?
A) $16.5 million
B) $33 million
C) $18.15 million
D) $10 million

The Target Company Has Sales of $2 Million,earnings of $1