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Derry Corporation is expected to have an EBIT of $ 2 , 9 0 0 , 0 0 0 next year. Depreciation, the increase in

Derry Corporation is expected to have an EBIT of $2,900,000 next year. Depreciation, the increase in net working capital. and capital spending are expected to be $225,000, $130,000, and $230,000, respectively. All are expected to grow at 17 percent per year for four years. The company currently has $17,500,000 in debt and 840,000 shares outstanding. At Year you believe that the company's sales will be $28,300,000 and the appropriate price-sales ratio is 2.9. The company's WACC is 9.3 percent and the tax rate is 24 percent. What is the price per share of the company's stock

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