The required rate of return in the high-growth period is (r) = 0.04 + 1.3(0.06) = 0.118.

The required rate of return in the stable-growth period is (r) = 0.04 + 1.0(0.06) = 0.10. 

The Present Value (PV) of the FCFE in the high-growth period is (3.05 / 1.118) + (4.10 / 1.118²) + (5.24 / 1.118³) + (6.71 / 1.118⁴) = 14.06.

The Terminal Price = Expected FCFE_{n + 1} / (r − g_n) with FCFE_{n + 1} = FCFE in year 5 = Earnings per share − (Capital Expenditures − Depreciation)(1 − Debt Ratio) − (Change in working capital)(1 − Debt Ratio) = 8.10 − 0(1 − 0.4) − 2.00(1 − 0.4) = 6.90.

The Terminal Price = 6.90 / (0.10 − 0.03) = 98.57.

The PV of the Terminal Price = (98.57 / 1.118⁴) = 63.09.

The value of a share today is the PV of the FCFE in the high-growth period plus the PV of the Terminal Price = 14.06 + 63.09 = 77.15.