1. You have been given the following projections for Ted Muzinga Corporation for the coming year,

• Sales = 20,000 units
• Sales prices per units = $10
• Variable cost per unit = $5.5
• Fixed Costs = $10,000
• Bonds outstanding = $10,000
• Interest Rate on outstanding bonds = 7.7%
• Tax rate = 40%
• Share of common stock outstanding = 20,000 shares
• Beta = 1.25
• Risk Free Rate = 5%
• Market Return = 10%
• Dividend payout ratio = 70%
• Growth rate = 4%

Calculate the current price per share for Dennis George Corporation.