You have been given the following projections for Cali Corporation for the coming year.

You have been given the following projections for Cali Corporation for the coming year.

Sales = 10,000 units

Sales price per unit = $10

Variable cost per unit = $5

Fixed costs = $10,000

Bonds outstanding = $15,000

rd on outstanding bonds = 8%

Tax rate = 40%

Shares of common stock outstanding = 10,000 shares

Beta = 1.4

rRF = 5%

rM = 9%

Dividend payout ratio = 60%

Growth rate = 8%

Calculate the current price per share for Cali Corporation.

a.  $35.22   

b. $46.27   

c. $48.55   

d. $53.72

e. $59.76