A firm has free cash flow of $500,000 on their most recent financial statements. The firm expects the FCFs to grow at about 2.5% per year. The cost of capital for the firm is 10.50%. The firms financials also revealed that the firm has marketable securities valued at $0.75 million as well as total debt of $1 million and preferred stock totaling $250,000. The firm has total assets of $8 million and sales of $4.5 million. If the firm has 400,000 shares outstanding and 500,000 shares authorized, what is the intrinsic value of common equity per share?