Problem $12-26$ Adjusted Cash Flow From Assets $[$LO$3]$

You have looked at the current financial statements for J&R Homes, Company. The company has an EBIT of $$5,150,000$ this year. Depreciation, the increase in net working capital, and capital spending were $$340,000,$ $$172,000,$ and $$590,000,$ respectively. You expect that over the next five years, EBIT will grow at $17$ percent per year, depreciation and capital spending will grow at $15$ per year, and NWC will grow at $20$ per year. The company has $$29,000,000$ in debt and $495,000$ shares outstanding. After Year $5,$ the adjusted cash flow from assets is expected to grow at $3\mathrm{.}35$ percent, indefinitely. The company$$s WACC is $9\mathrm{.}55$ percent and the tax rate is $24$ percent. What is the price per share of the company's stock?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$