Problem $14-24$ Adjusted Cash Flow From Assets $[$LO$3]$

Derry Corporation is expected to have an EBIT of $$3,700,000$ next year. Increases in depreciation, the increase in net working capital, and capital spending are expected to be $$160,000,$$$170,000,$ and $$210,000,$ respectively. All are expected to grow at $18$ percent per year for four years. The company currently has $$19,000,000$ in debt and $1,150,000$ shares outstanding. After Year $5,$ the adjusted cash flow from assets is expected to grow at $2\mathrm{.}5$ percent indefinitely. The company's WACC is $9\mathrm{.}4$ percent and the tax rate is $24$ 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$.,32\mathrm{.}16.)$

Share price