5. Problem 05 (corporate valuation)

Scampini technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Scampini has no debt or preferred stock, and it's WACC is 15%, and it has 0 nonoperating assets. If Scampini has 55 million shares of stock, outstanding, what is the stocks value per share? Do not round intermediate calculations. Round your answer to the nearest cent.

each share a common stock is worth $ ?, according to the corporate valuation model.