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Linda's Lights balance sheet info for the beginning of 2020 Owners Equity 27 million Bank Loan 10 million, 4.5% interest rate Fixed Assets 10 million

Linda's Lights balance sheet info for the beginning of 2020 Owners Equity 27 million

Bank Loan 10 million, 4.5% interest rate

Fixed Assets 10 million Inventory 23 million

Cash 4 million

Here are into for 2020:

Purchased 220 thousand lamps for $100 each sold them for $125 each Incurred additional operating costs of $2 million

Purchased 5 trucks for $100,000 each

Profits tax 15%

Dividend payout ratio 30%

Q: If the company has 1 million shares, what is price-per-share?

Please show your calculation process

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