Lockeran Co. has the following projected sales, costs, net investment and free cash flows in millions. The anticipated growth rate in free cash flows after year 6 is 2% per year forever. there are 13 million shares outstanding and investors require a return of 7% on the company's stock. Suppose instead that you estimate the terminal value using a PE multiple of 9, calculate the price of the company's stock. (Round to 2 decimals)

	1	2	3	4	5	6
Sales	176.00	200.64	224.72	247.19	266.97	282.99
Costs	82.5	94.05	105.34	115.87	125.15	132.66
Taxes	17.33	19.75	22.12	24.33	26.28	27.85
Net Income (OCF)	76.17	86.84	97.26	106.99	115.54	122.48
Net Investment	45	51.3	57.46	63.21	68.27	72.37
FCF	31.17	35.54	39.80	43.78	47.27	50.11