A stock has no dividends. Last period's FCFE is $5.74 and it has an estimated annual free cash flow growth rate of 7.91%. The required return for this stock is 11.28% and its long term growth rate is 2.46%. It also has an ROE of 34.5%. What it the estimated intrinsic value using the constant state FCFE method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook