Mr Pallete is the CEO of Telefonica, the company has 2 Million shares outstanding, and the PE ratio is 20. The company has bonds, which are being sold at 100%, for a total amount of 3 Millions. The company EBITDA is 55.000.000, and the EPS is 25. Mr. Pallete wants to stablish a fix dividend payment for the future which is consistent with the market value. Considering that the expected return is 10% and the growth rate is 0, what should be the value for the dividend?