Calculations Shown In Excel file

sales = $10,000 • Sales price per unit = $10. • Variable cost per unit = $5. • Fixed costs = $10,000. • Bonds outstanding = $15,000. • kd on outstanding bonds = 8%. • Tax rate = 40%. • Shares of common stock outstanding = 10,000 shares. • Beta = 1.4. • kRF = 5%. • kM = 4%. • Dividend payout ratio = 60%. • Growth rate = 8% calculate share price