A stock has no dividends. The last period's FCFE is $6.25 and it has an estimated annual free cash flow growth rate of 9%. The company should maintain this growth rate for 3 more years before it decays to the estimated long-term growth rate of 2.46%. The required return for this stock is 10% and its current ROE is 35.5%. What is the estimated intrinsic value using the multistage FCFE method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook