Hawley Corp. had sales of $95 million for the current year. Costs were $57 million, and net investment was $12 million. Each of these is expected to grow at 13 percent next year, with the growth rate declining by 2 percent per year until the growth rate reaches 5 percent. There are 7.75 million shares of stock outstanding and investors require a return of 11 percent return on the company’s stock. To estimate the terminal value, you feel that the PE ratio is most appropriate and the correct PE multiple is 14. The corporate tax rate is 35 percent. What is your estimate of the company’s stock price?