Final answer:
To calculate the estimated stock price, determine the present value of future profits using a discount rate of 15%. Divide the present value of total profits by the number of shares to get the price per share, which is approximately $256,500.
Step-by-step explanation:
To calculate the estimated stock price, we need to determine the present value of future profits using a discount rate. In this case, the discount rate is 15%. We then divide the present value of total profits by the number of shares to get the price per share. In this example, the estimated stock price would be about $256,500 per share.