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Bill's Bakery has current earnings per share of $2.10. Current book value is $3.80 per share. The appropriate discount rate for Bill's Bakery is 12

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Bill's Bakery has current earnings per share of $2.10. Current book value is $3.80 per share. The appropriate discount rate for Bill's Bakery is 12 percent. Calculate the share price for Bill's Bakery if earnings grow at 2.5 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Share price $ 21.11

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