Given the following information, calculate the current price per share (P0) for Olson Corporation. The data all pertain to the year that just ended. Round the answer to two decimal places.

Net income	$27,475
Beta	1.5
rRF	5%
rM	9%
Dividend payout ratio	40%
Growth rate in earnings and dividends	7%
Common stock shares outstanding	10,000 shares

Answers 19.59

$29.40

$57.84

$61.90

$39.20