You require a 12% return on your investments; consider the potential below as an average investment.
What is the price of the stock (per share), given the following information:
Net Income		2,500,000		(annual; for past year)
Number of Shares (*)		6,500,000		(will not change)
Depreciation and Amort		1,125,000		(same for next year)
Dividends		Never paid any; no anticipation of paying any in the future
Growth Rate of Net Income		8.0%
Market Value of All Debt		35,000,000
Your required Return		12.0%
(*) Outstanding