Bill's Bakery expects earnings per share of $$3\mathrm{.}38$ next year. Current book value is $$5\mathrm{.}40$ per share. The

appropriate discount rate for Bill's Bakery is $10$ percent. Calculate the share price for Bill's Bakery if

earnings grow at $5\mathrm{.}00$ percent forever. $($Do not round intermediate calculations. Round your answer to $2$

decimal places.$)$

Answer is complete but not entirely correct.