Assume that today is December 31, 2019, and that the following information applies to Abner Airlines: - After-tax operating income [EBIT(1 - T)] for 2020 is expected to be $700 million. - The depreciation expense for 2020 is expected to be $170 million. - The capital expenditures for 2020 are expected to be $350 million. - No change is expected in net operating working capital. - The free cash flow is expected to grow at a constant rate of 4% per year. - The required return on equity is 16%. - The WACC is 10%. - The firm has $191 million of non-operating assets. - The market value of the company's debt is $4,520 billion. - 270 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company's stock price today? Do not round intermediate calculations: Round your answer to the nearest cent