7. The following income statement is available (in thousands): In addition, you learn the company had $2.2 million capital expenditure, it borrowed $1 million while is paid off $.9 million of old debt. In addition, current assets increased by 150,000 while current liabilities increased by 100,000 . You estimate that the company is in a stable growth of 3.0% per year, and will continue these proportional levels of capital expenditure, depreciation and borrowing, indefinitely. The stock required return is 12% and there are 1 million outstanding shares. Calculate the stock price