Grader Construction Company has just hired you as a consultant to value the company for possible sale. Last year they had EBIT of $25 million. The firms tax rate is 35%, Depreciation expense was $5.00 million and expected to remain at 20% of EBIT for the foreseeable future. The firm in the past has and to make an investment of operating fixed assets of 10% of EBIT each year and a investment of 5% of EBIT in net operating working capital each year. These ratios are expected to remain constant for the foreseeable future. EBIT is expected to grow by 10% this coming year and by 10% each of the following 4 years. After that they are expected to grow at rate of 5.00% per year. The firm has a cash balance of $10 million and has bonds of $100 million par value outstanding with a coupon of 5.00% and a maturity of 10 years. The YTM on similar bonds is 4.35%. Assuming that the firm’s WACC is 8.25%, what is the value of the companies operations? If there are 2 million shares outstanding, what is the value of each share of the company?