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Company X has $400 sales, variable cost=60% of sales, fixed cost=$40, equity=50%, debt=50%, total debt= 100$, interest rate on debt=12%, tax rate bracket= 40%, #

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Company X has $400 sales, variable cost=60% of sales, fixed cost=$40, equity=50%, debt=50%, total debt= 100$, interest rate on debt=12%, tax rate bracket= 40%, # of common stock=5, the firm has decided to distribute 85% of it's income as dividends. PS div.= 10%. Cost of common stock= 15.5%, growth rate=0. Using these details, calculate the stock price

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