You have looked at the current financial statements for Kent Homes Co. In the year that just ended, the company had an EBIT of $2.95 million. Depreciation, the increase in net working capital, and capital spending were $235,000, $105,000, and $475,000, respectively. You expect that over the next five years, EBIT will grow at 15% per year, depreciation and capital spending will grow at 20% per year, and NWC will grow at 10% per year. The company has $19.5 million in debt and 400,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.5% indefinitely. The company's WACC is 9.25%, and the tax rate is 35%.

What is the price per share of the company's stock?(Do not round intermediate calculations. Round the final answer to 2 decimal places. )