Muneera has been asked to calculate the share price of Gamma Industries. She did some research and find out that Gamma Industries has a target debt-equity ratio of 0.5. Gamma has a 60% payout ratio, 6.75% return on equity (ROE), and recently paid a dividend of $2.00 per share. Analysts estimate Gammas stock to be 20% more risky than the market portfolio. Assume that T-bills yield 5% and the market risk premium (MRP) is 7%.