ABC Company currently has sales of $250 million. The company's sales are expected to grow 20% next year (year 1) and 10% during year 2. The analyst expects the company to have a net profit margin of 8% each year, a dividend payout ratio of 50%, 15 million shares of common stock outstanding over the time horizon, and sell for a p/e ratio of 15 at the end of year 2. If the required rate of return is 20%, then what is the stock's intrinsic value?