sustainable distribution

Below is my rough assessment of what AJA's sustainable distribution is going forward. As you can see, it is dependent on rental yield & AUD/JPY exchange rate.

65 75 85 95 105
4.0% 7.3 6.3 5.6 5 4.5
4.5% 9.5 8.2 7.2 6.5 5.9
5.0% 11.6 10.1 8.9 8 7.2
5.5% 13.8 12 10.6 9.5 8.6

My personal view is somewhere between 6.5 to 8.9 cents. Using a required rate of return of 10%, that translates to share price of 65 to 89 cents which are significantly higher than the current share price.