You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,030,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $234,000, $99,000, and $460,000, respectively. You expect that over the next five years, EBIT will grow at 13 percent per year, depreciation and capital spending will grow at 18 percent per year, and NWC will grow at 8 percent per year. The company currently has $16.9 million in debt and 355,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 2.5 percent indefinitely. The companys WACC is 9.2 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., 32.16.)