Derry Corp. is expected to have an EBIT of $$2\mathrm{.}1$ million next year. Increases in depreciation, the increase in net working capital, and capital

spending are expected to be $$165,000,$$$80,000,$ and $$120,000,$ respectively. All are expected to grow at $18$ percent per year for four years.

The company currently has $$10\mathrm{.}4$ million in debt and $750,000$ shares outstanding. After Year $5,$ the adjusted cash flow from assets is

expected to grow at $3$ percent indefinitely. The company's WACC is $8\mathrm{.}5$ percent and the tax rate is $21$ percent. What is the price per share of

the company's stock?

Input Areo:

$($Use cells A$6$ to B$19$ from the given information to complete this question. You must use the built$-$in Excel function to answer this

question.$)$

Output Area: