A company had $20 of sales per share for the year that just ended. You expect the company to grow their sales at 7 perce

[answerhappygod]

A company had $20 of sales per share for the year that justended. You expect the company to grow their sales at 7 percent forthe next five years. After that, you expect the company to grow4.25 percent in perpetuity. The company has a 13 percent ROE andyou expect that to continue forever. The company's net margins are6 percent and the cost of equity is 10 percent. Use the free cashflow to equity model to value this stock. Do not round intermediatecalculations. Round your answer to the nearest cent.