A company has $20 million in assets and a total asset turnover ratio of 2. Its costs are equal to 30% of sales. The firm has ROE of 20% and a NPM of 8%. Assume the firm doesnt have any preferred stock. If the firm has $2 million in cash and Market Value of Equity to Book Value of Equity (M/B) is 3.5. Now assume that the industry average for EV/EBITDA is 3. If the firm has 2 million shares outstanding, what is the expected stock price per share? Hint: Use the industry average to work towards an expected equity amount. Then divide E(Equity) by shares outstanding.