At Green Construction, earnings before interest and taxes (EBIT) for the year just ended were $70 million

Question:

At Green Construction, earnings before interest and taxes (EBIT) for the year just ended were $70 million and are not expected to grow. The company pays $ 10 million in interest each year on its perpetual bonds. The expected rate of return on its bonds is 5% and on its is 11%. Last year, interest rates were higher and the bond's expected rate of return was 6%. Green's corporate tax rate is 30%. Green's payout ratio is 100%. Green has 15 million shares outstanding and 150,000 bonds with $1,000 par value. Calculate Green's current share price and its current bond price.
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