A Inc. is considering acquiring M Inc. M$\text{'}$s current cash flows

are about $$10$ million and are expected to grow at $10\%$ for the first $3$

years, $5\%$ for the next $3$ years and then $3\%$ indefinitely. M$\text{'}$s capital structure comprises of equity and debt. It has about $4\mathrm{.}2$ million equity shares outstanding and $$48$ million in debt. M$\text{'}$s cost of capitalis $12\%.$ At what price per share should A Inc acquire $M$ Inc?