Ward Corp. is expected to have an EBIT of $1,950,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $166,000, $87,000, and $116,000, respectively. All are expected to grow at 15 percent per year for four years. The company currently has $13,500,000 in debt and 810,000 shares outstanding. At Year 5, you believe that the company's sales will be $16,000,000 and the appropriate pricesales ratio is 2.1. The companys WACC is 8.1 percent and the tax rate is 35 percent. What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Share price $

NOTE FROM PROFESSOR REGARDING QUESTION: There is a mistake in this question. Instead of price/sales ratio given in year 5, it should be FirmValue/Sales ratio. Hint: From this you can get terminal year firm value. Then using the cash flows from year 1-4 and terminal year value to get firm value today. Then subtract debt to get equity value.