Expected Price. Wolinsky Corporation is considering a public issuance of its securities. The average P/E ratio in the industry is 12. The firm’s reported earnings are $300,000. After the issuance of...

Expected Price. Wolinsky Corporation is considering a public issuance of its securities. The average P/E ratio in the industry is 12. The firm’s reported earnings are $300,000. After the issuance of the stock, there will be 200,000 shares outstanding. What is the expected price per share?