The company is equally owned by Carrington and Genevieve. The original agreement between the siblings gave each 50,000 shares of stock. Larissa has asked Dan to determine a value per share of Ragan stock. To accomplish this, Dan has gathered the following information about some of Ragan's competitors that are publicly traded: EPS DPS Stock Price ROE R Blue Ribband Motors Corp. $ . 81 $.20 $14.18 10.00% 10.00% Bon Voyage Marine, Inc. 1.38 . 62 11.87 13.00 13.00 Nautilus Marine Engines -.46 .38 13.21 14.00 12.00 Industry average $.58 5.404 $13.09 12.33% 11.67% Nautilus Marine Engines's negative carnings per share (EPS) were the result of an accounting write-off last year. Without the write- off, EPS for the company would have been $1.60. Last year, Ragan had an EPS of $4.54 and paid a dividend to Carrington and Genevieve of $60.000 each. The company also had a return on equity of 18 percent. Larissa tells Dan that a required return for Ragan of 18 percent is appropriate. 1. Assuming the company continues its current growth rate, what is the value per share of the company's stock?