Assume that today is December 31, 2018, and that the following information applies to Abner Airlines:
● After-tax operating income [EBIT(1 – T)] for 2019 is expected to be $400 million.
● The depreciation expense for 2019 is expected to be $140 million.
● The capital expenditures for 2019 are expected to be $225 million.
● No change is expected in net operating working capital.
● The free cash flow is expected to grow at a constant rate of 6% per year.
● The required return on equity is 14%.
● The WACC is 10%.
● The firm has $200 million of non operating assets.
● The market value of the company’s debt is $3.875 billion.
● 200 million shares of stock are outstanding.

Using the corporate valuation model approach, what should be the company’s stock price today?