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Derry Corporation is expected to have an EBIT of $ 2 , 2 0 0 , 0 0 0 next year. Increases in depreciation, the
Derry Corporation is expected to have an EBIT of $ next year. Increases in depreciation, the increase in net working capital, and capital spending are expected to be $ $ and $ respectively. All are expected to grow at percent per year for four years. The company currently has $ in debt and shares outstanding. After Year the adjusted cash flow from assets is expected to grow at percent indefinitely. The companys WACC is percent and the tax rate is percent. What is the price per share of the company's stock? Do not round intermediate calculations and round your answer to decimal places, eg
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