What is the price per share of company stock

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Ward Corp. is expected to have an EBIT of dollar 2, 600,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be dollar 179,000, dollar 113,000, and dollar 129,000, respectively. All are expected to grow at 16 percent per year for four years. The company currently has dollar 20,000,000 in debt and 840,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3 percent indefinitely. The company's WACC is 9.4 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 final answer to 2 decimal places, e.g., 32.16.) 

Reference no: EM131326917

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