A company has projected sales of $100 million next year (i.e., year 1). Costs are expected to be $55 million and net investment, including net working capital and capital spending less depreciation, is expected to be $9.8 million. Each of these values is expected to grow at 8 percent for the next two years (i.e., years 2 and 3), then grow at a constant rate of 5% after that. There are 6 million shares of stock outstanding and investors require a return of 14 percent on the company's stock. The corporate tax rate is 25 percent. What is your estimate of the current stock price?