Calculate the per share value of XYZ firm using the following information:

Year 0 EPS $5

EPS will increase at the following declining growth rates over the next 5 years: 35%, 20%, 15%, 11%, 9%

Net investment in fixed capital (net of depreciation) per share are as follows: 4.00, 3.50, 2.00, 1.00, 0.5

Net investment in WC each year will be 40% of the net investment in fixed capital

40% of the net investment in fixed capital and WC will be financed by new debt financing

Current market conditions dictate a risk free rate of 8%, an equity risk premium of 6%, and a beta of 1.6 for XYZ