Assets and liabilities at the end of $2005$ for Tripod Inc. are $$4,970$ and $$2,220$ respectively. Net income and dividends for fiscal $2005$ were $$500$ and $$200,$ respectively. Tripod has $100$ shares outstanding as of $12/31/05.$ Net income is expected to grow at $10\%$ for the next three years $(2006-2008).$ The dividend payout ratio is expected to remain at $2005$ level for next three years. After $2005$ abnormal earnings are expected to be zero. Cost of debt is $8\%$ and cost of equity is $15\%.$ What would you be prepared to pay per share for Tripod stock at the end of fiscal $2005,$ using the accounting based equity valuation formula? $($step by step method$)$