You have been given the following projections for Cali Corporation for the coming year.

• Sales = 10,000 units.
• Sales price per unit = $10.
• Variable cost per unit = $5.
• Fixed costs = $10,000.
• Bonds outstanding = $15,000.
• kd on outstanding bonds = 8%.
• Tax rate = 40%.
• Shares of common stock outstanding = 10,000 shares.
• Beta = 1.4.
• kRF = 5%.
• kM = 9%.
• Dividend payout ratio = 60%.
• Growth rate = 8%.

Calculate the current price per share for Cali Corporation.