Bullseye Corp. does not pay dividends. As an analyst for the company, you are trying to assess the stock price and realize you cannot use the dividend discount model because of the lack of dividend payment. For the coming year, you estimate the following based upon past performance and current conditions:

EBIT of $500,000

Depreciation of $250,000

Tax rate of 21%

Change in NWC of $100,000

Capital Expenditures of $350,000

Market Value of Debt of $3,000,000

Excess Cash of $250,000

100,000 shares outstanding

WACC=10.9%

Expected growth in free cash flows of:

o Year 2 and Year 3: 10%

o Year 4 and beyond: 5%

What is the your estimate for Bullseye's stock price?