You have been tasked to determine whether Raleigh Inc.s stock is fairly priced. Raleigh Inc. currently has EBIT of $5M, $10M of debt outstanding at 9%, and a tax rate of 28%. Raleigh Inc. has consistently maintained a 55% payout ratio and you do not expect the firms payout ratio or EBIT to change in the future. The firm has a Beta of 1.2, the market risk premium is 10%, and treasury bills are currently yielding 4%. Raleigh Inc. has 500k shares outstanding. What is Raleigh Incs price per share?