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

Sales = 10,000 units
Sales price per unit = $12
Variable cost per unit = $6
Fixed costs = $10,000
Long-term debt = $15,000
Interest rate on long-term debt = 8%
Tax rate = 40%
Dividend payout ratio = 60%
Expected long-term growth rate = 8%
Shares of common stock outstanding = 10,000 shares
Beta = 1.4
Current rate on government T-Bonds = 5%
Expected return on the stock market = 9%

Calculate the current price per share for Cali Corporation.