You have looked at the current financial statements for J&R Homes, Company. The company has an EBIT of

$$3,350,000$ this year. Depreciation, the increase in net working capital, and capital spending were $$250,000,$

$$118,000,$ and $$500,000,$ respectively. You expect that over the next five years, EBIT will grow at $16$ percent per year,

depreciation and capital spending will grow at $15$ per year, and NWC will grow at $20$ per year. The company has

$$20,000,000$ in debt and $405,000$ shares outstanding. After Year $5,$ the adjusted cash flow from assets is expected to

grow at $3\mathrm{.}05$ percent, indefinitely. The company's WACC is $9\mathrm{.}1$ percent and the tax rate is $21$ 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$.,32\mathrm{.}16.$