Eberhart Manufacturing has projected sales of $148.2 million next year. Costs are expected to be $82.6 million and net investment is expected to be $16.6 million. Each of these values is expected to grow at 14 percent the following year, with the growth rate declining by 2 percent per year until the growth rate reaches 6 percent, where it is expected to remain indefinitely. There are 7.1 million shares of stock outstanding and investors require a return of 13 percent return on the companys stock. The corporate tax rate is 39 percent. (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Suppose instead that you estimate the terminal value of the company using a PE multiple. The industry PE multiple is 13. What is your new estimate of the companys stock price?