xxx was founded nine years ago by Elise. Company is equally owned by Elise and Paul (brother) . The original partnership agreement gave each sibling 50000shares.

Industry Average - 0.96 (Earnings per share) , (0.18 Dividends per share) 25.77 Share price, 9.59% ROE, R 11.67%

xxx - EPS $3.15, 0.90 dividends per share, $54.35 value per share of company's share ROE 17%. Siblings believe that 14% is an appropriate required return for the company.

Accountant believes that xxx repetitional advantage will last for only the next 5 years. After that period, the company's growth will probably slow to the industry growth average.Additionally, they believe that the required return used by xxx is too high. He believes the industry average required return is more appropriate. Under this growth rate assumption, what is the estimate of the share price?