Problem 12.26 Adjusted Cash Flow From Assets [LO3] You have looked at the current financial statements for J\&R Homes, Company. The company has an EBIT of \$3,550,000 this year. Depreciation, the increase in net working capitol, and copital spending were $260,000,$124,000, and $510,000, respectively. You oxpect that over the next flve yours, eBir will grow at 20 pereent per year, depreclation and eapital spending will grow at 10 peryear, and NWC Will grow at 15 per year. The company has $21,000,000 in debt and 415,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.15 percent, indefinitely. The company's WACC is 9.2 percent and the tax rate is 23 percent. What is the price per share of the company's stock? Note: 00 not round intermediate calcutatlons and round your answer to 2 decimal places, e.9. 32.16