Lockean Co. has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows after year 6 is 2% per year forever. There are 15 million shares outstanding and investors require a return of 10% on the company's stock. Suppose instead that you estimate the terminal value using a PE multiple of 12, calculate the price of the company's stock. (Round to 2 decimals)

($ in millions)	1	2	3	4	5	6
Sales	220	242	266	292	321	353
Costs	143	157	172	190	209	229
Taxes	28	31	34	38	41	45
OCF (net income)	49	54	60	64	71	79
Net Investment	20	22	24	26	29	29
FCF	29	32	36	38	42	50