Use the following information to answer this question: Winds…

Use the fоllоwing infоrmаtion to аnswer this question: Windswept, Incorporаted2024 Income Statement($ in millions)Net sales$ 8,750Cost of goods sold7,300Depreciation305Earnings before interest and taxes$ 1,145Interest paid72Taxable income$ 1,073Taxes225Net income$ 848 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 150$ 165Accounts payable$ 1,190$ 1,367Accounts received920730Long-term debt9501,128Inventory1,5201,530Common stock3,2102,900Total$ 2,590$ 2,425Retained earnings460710Net fixed assets3,2203,680 Total assets$ 5,810$ 6,105Total liabilities & equity$ 5,810$ 6,105 Windswept, Incorporated, has 300 million shares of stock outstanding. Its price-earnings ratio for 2024 is 16. What is the market price per share of stock?