Schultz Industries is considering the purchase of Arras Monulnaturing, Arras is currently * Supplier lier Schulte, and the acquisition would allow Schuhz to better contrat material supex The current cash flow from assets lor Arras : $zo million. The cash flows are expected to grow at 8 percent for the next five years bofore loveling off to s percent to the indefnite tuture. The cost of capital for Schultz and Arraz s 12 percent and 10 percent researchely Arras currently has 3 millon shares of stock outstanding and $25 million des outstanding, What is the marmur price per share Schultz should pay for Arras? Do not round intermede Ercadons and round your imal answer to 2 dede Places te Prie Dee