You have looked at the current financial statements for Reigle

Homes, Co$.$ The company has an EBIT of $$3,050,000$ this year.

Depreciation, the increase in net working capital, and capital

spending were $$235,000,$ $$100,000,$ and $$465,000,$ respectively. You

expect that over the next five years, EBIT will grow at $16$ percent

per year, depreciation and capital spending will grow at $21$ per

year, and NWC will grow at $11$ per year. The company currently has

$$17,100,000$ in debt and $350,000$ shares outstanding. After Year $5,$

the adjusted cash flow from assets is expected to grow at $3$ percent

indefinitely. The company$$s WACC is $9\mathrm{.}4$ percent and the tax rate is

$35$ percent.

$$

What is the price per share of the company's stock?