Ridgeway construction has an FCFE of $ $2\mathrm{.}50$ and is currently operating as target debt$-$to$-$equity ratio of

$0\mathrm{.}4.$ The expected return on the market is $9\%$ the risk$-$free rate is $4\%$ and Ridgeway has beta of $1,5.$ The expected

growth rate of FCFE is $4\mathrm{.}5\%.$ Calculate the value of Ridgeway stock.