Derry Corporation is expected to have an EBIT of $$2,750,000$ next year. Depreciation, the

increase in net working capital, and capital spending are expected to be $$210,000,$$$115,000,$

and $$215,000,$ respectively. All are expected to grow at $20$ percent per year for four years.

The company currently has $$16,000,000$ in debt and $825,000$ shares outstanding. At Year $5,$

you believe that the company's sales will be $$28,000,000$ and the appropriate price$-$sales

ratio is $2\mathrm{.}6.$ The company's WACC is $8\mathrm{.}9$ percent and the tax rate is $21$ 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