5. Dunn Company currently sells for $32.50 per share. The before-tax cost of debt is 7%, the cost of preferred stock is 6.8%, and the cost of equity is 11%. The target capital structure is 30% debt, 15% preferred stock, and 55% common stock. The market value of the debt is $145 million and the preferred stock is value at $65 million. The FCFF for the year just ended is $28 million. FCFF is expected to grow at a constant rate of 4% for the foreseeable future. The tax rate is 35%. They have 8 million shares outstanding. What is the estimated value per share? Is it underpriced