A firm has forecasted free cash flows as follows:

year free cash flows as follows $(millions)

1 200

2 250

Beyond year 2, its FCFs are expected to grow at 2% per year infinitely. The firm has $300 Mil in short term investments; $400 million in preferred stock, and $400 million incorporate bonds. There are 10 million shares of common stock outstanding. If the firm has a weighted average cost of capital of 15%, what is the intrinsic value of the common stock?