An analyst estimating the intrinsic value of the ABC Corporation stock estimates that its free cash flow at the end of the year (t = 1) will be $185 million. The analyst estimates that the firms free cash flow will grow at a constant rate of 7% a year, and that the companys WACC is 11%. The company currently has debt and preferred stock totaling $500 million and 150 million outstanding shares of common stock. What is the intrinsic value (per share) of the companys stock?