An analyst estimating the intrinsic value of the Steady Growth Corporation stock believes its free cash flow at the end of the year (t = 1) will be $350 million. The analyst estimates that the firms free cash flow will grow 17.5% for one year then at a constant rate of 6.5% per year, and that the companys weighted average cost of capital is 11.5%. The company currently has debt and preferred stock totaling $525 million. There are 140 million outstanding shares of common stock. What is the intrinsic value (per share) of the companys stock?