Practice Test 4 (Ch 14-15) Saved Check my work mode : This shows what is correct or incorrect for the work you have 4 Problem 14-26 Adjusted Cash Flow From Assets (LO3) 1 points You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,150,000 this year. Depreciation, the increase in net working capital and capital spending are expected to be $240,000, $105,000, and $490,000, respectively. You expect that over the next five years, EBIT will grow at 14 percent per year, depreciation and capital spending will grow at 19 percent per year, and NWC will grow at 9 percent per year. The company currently has $18.1 million in debt and 375,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 2.5 percent indefinitely. The company's WACC is 7.8 percent and the tax rate is 21 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.) Answer is complete but not entirely correct. Share price s 10700 X