Answer the following question
You are trying to establish a value for the equity of a small firm. Recently, the EPS of the firm was reported as $1.94.
You expect the earnings to grow at 25% per year for the next six years. After that, you expect earnings growth should level-off to a sustainable rate of 2.25% per year.
If 9% is a reasonable required return on the investment, estimate a plausible price estimate for a share