Halo Corpis All Equity Financed and Generates Perpetual Annual EBIT of of $600.Assume

Halo Corp.is all equity financed and generates perpetual annual EBIT of $600.Assume that the EBIT,and all other cash flows,occur at year end and that we are currently at the beginning of a year.Assume that Halo has a 100% payout rate.Halo has 1,000 shares outstanding.The stock holders of Halo require a return of 6%.Assume that the tax rate is 0%.What is the price per share for Halo stock?

A) $15.00
B) $0.60
C) $30.00
D) $10.00
E) $4.20