What is the stock current price per share

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Luxx Inc. currently has assets to $5 million, zero debt, is in the 40 percent federal-plus-state tax bracket, has a net income of $1 million, and pays out 40 percent of itsearnings as dividends. Net income is expected to grow at a constant rate of 5 percentper year, 200,000 shares of stock are outstanding, and current WACC is 13.40 percent. What is the stock's current price per share (before the recapitalization)?

Reference no: EM132491744

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