Pearl Corp. is expected to have an EBIT of $3,500,000 next year. Depreciation, the increase in...

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Pearl Corp. is expected to have an EBIT of $3,500,000 next year.Depreciation, the increase in net working capital, and capitalspending are expected to be $160,000, $160,000, and $200,000,respectively. All are expected to grow at 19 percent per year forfour years. The company currently has $18,000,000 in debt and1,600,000 shares outstanding. After Year 5, the adjusted cash flowfrom assets is expected to grow at 3 percent indefinitely. Thecompany’s WACC is 9.2 percent and the tax rate is 22 percent. Whatis the price per share of the company's stock?

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Pearl Corp. is expected to have an EBIT of $3,500,000 next year.Depreciation, the increase in net working capital, and capitalspending are expected to be $160,000, $160,000, and $200,000,respectively. All are expected to grow at 19 percent per year forfour years. The company currently has $18,000,000 in debt and1,600,000 shares outstanding. After Year 5, the adjusted cash flowfrom assets is expected to grow at 3 percent indefinitely. Thecompany’s WACC is 9.2 percent and the tax rate is 22 percent. Whatis the price per share of the company's stock?