$6.$ Determine the intrinsic price per share of common stock. The forecast period is $5$ years, spanning fiscal years ending $12/31/24$ through $12/31/28.$ The cost of equity is $8\%,$ long$-$term growth rate $($g$)$ is $3\%,$ and the valuation date is January $1,2024.$

Remember, the present value formulas assume free cash flows are completely realized at the end of each fiscal year $(12/31)$ and the valuation date is at the beginning of the first fiscal year $(1/1/24).$

The five years of the forecast period show free cash flows growing by $$3$ from $$73$ in the first period to $$85$ in the fifth period. Thereafter, free cash flows are assumed to grow by $2\%$ per year forever.

Required: Given these expectations of future performance, what would be the intrinsic price per share of common stock?