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 $200 million. The capital expenditures for 2020 are expected to be $475 million. No change is expected in net operating working capital. The free cash flow is expected to grow at a constant rate of 5% per year. The required return on equity is 16%. The WACC is 9%. The firm has $200 million of non-operating assets. The market value of the company's debt is $3.882 billion. 350 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. $