Cоnsider twо firms, With аnd Withоut, thаt hаve identical assets that generate identical cash flows. Without is an all-equity firm, with 1 million shares outstanding that trade for a price of $30 per share. With has 3 million shares outstanding and $16 million dollars in debt at an interest rate of 5%. In a world without tax nor other frictions, according to MM Proposition 1, the stock price for With is closest to: