Assume that today is December 31, 2012, and that the following information applies to Vermeil Airlines: ? After-tax operating income [EBIT(1 - T)] for 2013 is expected to be $600 million. ? The depreciation expense for 2013 is expected to be $60 million. ? The capital expenditures for 2012 are expected to be $200 million. ? No change is expected in net operating working capital. ? The free cash flow is expected to grow at a constant rate of 7% per year. ? The required return on equity is 15%. ? The WACC is 11%. ? The market value of the company's debt is $4 billion. ? 210 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company's stock price today? Round your answer to the nearest cent