Derry Corporation is expected to have an EBIT of $$2,550,000$ next year. Depreciation, the increase in net working capital, and capital

spending are expected to be $$190,000,$$$95,000,$ and $$195,000,$ respectively. All are expected to grow at $16$ percent per year for four

years. The company currently has $$14,000,000$ in debt and $805,000$ shares outstanding. At Year $5,$ you believe that the company's

sales will be $$27,600,000$ and the appropriate price$-$sales ratio is $2\mathrm{.}2.$ The company's WACC is $8\mathrm{.}5$ percent and the tax rate is $22$

percent. What is the price per share of the company's stock?

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

Share price