6. Fran Corporation has a policy to increase the companys cash flow and consequently the dividend by 2.70 percent each year. In addition, Fran Corp is in an industry where risk is average. Because of this average risk, an 8 percent return is reasonable as a required return. If Fran Corp lives up to these projections forever and expects to pay its once-a-year dividend in the amount of $6.80 dividend per share for this year at the end of the coming year. Using the formula in the book, a ballpark estimate of the value of this common stock is _____?\