$(10$ points$)$ ELF Enterprises had sales of $$100$ million last year. The firm's costs are $75\%$ of

sales and the firm targets a net investment that is $10\%$ of its sales. The expected growth rate

for the next $5$ years is $8\%.$ The growth rate is expected to stabilize at $4\%,$ thereafter. The

company's outstanding debt is currently valued at $$125$ million; its estimated excess cash

amount is $35$ million. There are $25$ million shares of stock outstanding and investors require a

return of $12$ percent return on the company's stock. The corporate tax rate is $30$ percent. What

is your estimate of the current stock price?