You have looked at the current financial statements for J&R Homes, Company. The company has an EBIT of $$3,130,000$ this year. Depreciation, the increase in net working capital, and capital spending were $$239,000,$$$104,000,$ and $$485,000,$ respectively. You expect that over the next five years, EBIT will grow at $20$ percent per year, depreciation and capital spending will grow at $25$ percent per year, and NWC will grow at $15$ percent per year. The company currently has $$17\mathrm{.}9$ million in debt and $515,000$ shares outstanding. After Year $5,$ the adjusted cash flow from assets is expected to grow at $3\mathrm{.}5$ percent indefinitely. The company's WACC is $8\mathrm{.}7$ percent and the tax rate is $25$ 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$.,32\mathrm{.}16.)$

Share price