A stock market analyst is evaluating the common stock of Aitchison Family Corporation. (AFC). She estimates that the companys operating income (EBIT) for the next year will be $416 million. Furthermore, she predicts that next year AFC will require $220 million in capital expenditures and depreciation expense will be $27 million, so net capital expenditures for next year will be $193 million. Changes in net operating working capital (NOWC) for next year are expected to be $18 million.Free cash flow is expected to grow at a constant annual rate of 3% per year and the companys WACC is 9%.The company has $211.33 million of debt (market value equals book value), $72 million of preferred stock (market value equals book value), and it has 50 million shares of common stock.The firms tax rate is 25%.

Using the free cash flow valuation method, what is its expected stock price today?