Compost Science, Inc. (CSI) is in the business of converting Boston's sewage sludge into fertilizer. The firm generates a 10% book return on equity. At the end of the year, CSI is expected to generate earnings per share of $6.67. The firm plans to retain 80% of its earnings in order to grow in each of the next 5 years. After this period, the firm plans to pay out 60% of its earnings in dividends. The required return on the stock equals 8%. Based on this information, determine the value per share of Compost Science. And what would be the firm's forward P/E ratio?