You have looked at the current financial statements for J&R Homes, Company. The company has an EBIT of $$4,950,000$ this year.

Depreciation, the increase in net working capital, and capital spending were $$330,000,$$$166,000,$ and $$580,000,$ respectively. You

expect that over the next five years, EBIT will grow at $15$ percent per year, depreciation and capital spending will grow at $20$ per year,

and NWC will grow at $10$ per year. The company has $$28,000,000$ in debt and $485,000$ shares outstanding. After Year $5,$ the adjusted

cash flow from assets is expected to grow at $3\mathrm{.}45$ percent, indefinitely. The company's WACC is $9\mathrm{.}75$ percent and the tax rate is $22$

percent. What is the price per share of the company's stock?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.