A Suntrust Robinson analyst presents you with the following forecasts for sales per share, sales growth rate, profit margin, fixed and working capital investment, and expected debt financing over 2014-2019 for GC capital that went public in 2011:

• Sales per share is $15 in 2013
• Sales growth rate is 4% over 2014-2015 and 5% over 2016-2019.
• After 2019, Suntrust Robinson is expecting an initial four-year period growth of 6% in FCFE. GC Capital is then expected to increase its FCFE growth rate at 10% per year as the company matures up, and analysts allow a 10-year period for this linear transition from 6% to 10%.
• Net profit margin is fixed at 20%
• Investment in fixed capital= 40% of increase in sales
• Annual increase in working capital=20% of increase in sales
• Debt Financing=50% of net investments in capital equipment and working capital

Please estimate the stock price of GC Capital if the cost of equity is 12%.