Ragan, Inc. was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and instalis commercial heating, ventilation, and cooling (HVAC) units. Ragan, Inc. has experienced rapid growth because of a proprietary technology that increases the energy efficiency of its units. The company is equally owned by Carrington and Genevieve. The original partnership agreement between the siblings gave each 50.000 shares of stock. In the event either wished to sell stock, the shares first had to be offered to the other at a discounted price Although neither sibling wants to sell they have decided they should value their holdings in the company. To get started, they have gathered the following information about their main competitors Rag, waptors EPS Di Stock Price ROE R 51.00 5:16 $25.34 sos 10.00 Arctic Cooling, Inc National Heating & Cooling 195 23 29.85 10.50 12.00 Expert HVAC Corp 12.00 22.12 9.78 yer SI 52.77 595 116 Expert HVAC Corporation's negative earning per share were the result of an accounting wite-offst yea Without the write oft earrings per here for the company would have been $110 Last year, Ragan, Inc., had an EPS of $315 and paid a dividend to Carrington and Genevieve of $45.000 each. The company also had a return on equity of 7 percent. The sings beleve that percent is an appropriate required return for the company Now respond to the following questions based on the business case you've just read: 1. Assuming the company continues its current growth rate what is the value per share of the company's stock 2. To verify their calculations Carrington and Genevieve have hired Josh Schiessman as a consultant Josh was previously equity analyst and covered the HVAC Industry, Josh has examined the company's financial statements, as well as those of compettoes. Although Ragan, in, currently has a technological advantage his research indicates that other companies are investigating methods to improve efficiency. Given this. Josh believes that the company's technological advantage wollast only for the next five years. After that period, the company's growth will key stow to the industry growth average. Additionally, Josh believes that the required retum used by the company is too high. He believes the industry average required return is more appropriate. Under this growth rate assumption. What is your estimate of the stock price