Derry Corporation is expected to have an EBIT of $2,600,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $195,000, $100,000, and $200,000, respectively. 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. At Year 5, you believe that the company's sales will be $27,700,000 and the appropriate price-sales ratio is 2.3. The companys WACC is 8.6 percent and the tax rate is 23 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., 32.16.