You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,870,000 this year. Depreciation, the increase in net working capital, and capital spending were $226,000, $91,000, and $420,000, respectively. You expect that over the next five years, EBIT will grow at 17 percent per year, depreciation and capital spending will grow at 22 per year, and NWC will grow at 12 per year. The company currently has $15,300,000 in debt and 355,000 shares outstanding. At Year 5, you believe sales will be $23,200,000 and the pricesales ratio will be 2.5. The companys WACC is 8.8 percent and the tax rate is 40 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.)

Share price

$