Derry Corporation Is expected to have an EBIT of $$2,600,000$ next year. Depreclation, the Increase In net working capital, and capital

spending are expected to be $$195,000,$$$100,000,$ and $$200,000,$ respectlvely. All are expected to grow at $17$ percent per year for four

years. The company currently has $$14,500,000$ in debt and $810,000$ shares outstanding. After Year $5,$ the adjusted cash flow from

assets is expected to grow at $2\mathrm{.}3$ percent, Indefinitely. The company's WACC is $8\mathrm{.}6$ percent and the tax rate is $23$ percent. What is the

price per share of the company's stock?

Note: Do not round Intermedlate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$