7 2 Schultz Industries is considering the purchase of Arras Manufacturing. Arras is currently a supplier for Schultz. and the acquisition would allow Schultz to better control its material supply. The current cash flow from assets for Arras is $7.6 million. The cash flows are expected to grow at 5 percent for the next five years before leveling off to 2 percent for the indefinite future. The cost of capital for Schultz and Arras is 9 percent and 7 percent, respectively. Arras currently has 3 million shares of stock outstanding and $25 million in debt outstanding. points What is the maximum price per share Schultz should pay for Arras? (Do not round Intermedlate calculatlons and round your answer to 2 declmal places, e.g., 32.16.) 6 Answer is complete but not entirely correct. Price pen share 68.57