Here is some data about Classtime Corp (all $ are in 000s):

Sales for last year were $822,000. Sales are predicted to grow at 8.5% for years 1-5 and 4% after that.

The following are expressed as a % of sales:

COGS % of Sales 39%

Gr Assets % of Sales 36%

Inv. % of Sales 22%

Assume Inventory is the only working capital account. Depreciation is 16% of Gross Fixed Assets. The companys tax rate is 21%. Classtime Corp. has a WACC of 13%. The market value of bonds is $400,000.

They have 80 million shares of common stock outstanding. Compute the value per share of Classtime Corp. using excel. (years 0-6)