Dabney Electronics currently has no debt. Its operating income (EBIT) is $20 million and its tax rate is 30 percent. It pays out all of its net income as dividends and has a zero-growth rate. It currently has 2.5 million shares of stock outstanding (market value = $40/share). If it recapitalizes to a capital structure that has 45 percent debt and 55 percent equity (based on market values), its investment bankers believe its weighted average cost of capital would be 10 percent. What would its stock price be if it changes to the new capital structure? (Hints: know that in a no-growth firm FCF = NOPAT = EBIT(1-tax rate), and Vop =FCF/WACC; once you have the new Vop, then dividing it by the number of shares provides the new price per share; repurchasing is a secondary step that will not change the price.)