Beta Inc is a manufacturing company that produces medical related devices. Betas EBITDA is expected to be $5 million at the end of this year. Betas earnings per share at the end of the year will be $2.5 per share. The companys plowback ratio is 25%. Betas return on equity is 24%. The required return on Beta according to CAPM is 12%. (a) What is the stock price of Beta according to the constant growth dividend discount model