= Aaron Corp. is all-equity financed and expects zero growth. The expected EBIT = $500,000, Tax rate = 40%, 100,000 shares outstanding. If the company recapitalizes, debt would be issued to repurchase stock. Equity Percent (We) Before-tax cost of Debt Percent (W) debt (ra) 0.20 0.80 8.2% 0.30 0.70 8.3% The company uses the CAPM to estimate its cost of common equity. The risk-free rate is 5 percent and the market risk premium is 6 percent. Its unlevered beta, bu, equals 1.6. What is the company's stock price at the optimal capital structure? (If the answer is $55.55, then enter 55.55.)