Rosenberg Inc. just reported earnings of $18 million and is projected to grow at a constant rate of 5 percent forever. Currently, all earnings are paid out as dividends. The company plans to launch a new project two years from now that would be completely internally funded and require 30 percent of the earnings that year. The project would start generating revenues one year after its launch, and the earnings from the new project in any year are estimated to be constant at 86.5 million. The company has 7.5 million shares of stock outstanding. Required What is the price of one share of Rosenberg if the appropriate discount rate is 10 percent