Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines:

• After-tax operating income [EBIT(1 T)] for 2019 is expected to be $566 million.
• The depreciation expense is expected to be $84 million.
• The capital expenditures are expected to be $235 million.
• No change is expected in net operating working capital.
• The free cash flow is expected to grow at a constant rate of 5.7% per year.
• The required return on equity is 12.6%.
• The WACC is 10.2%.
• The market value of the companys debt is $3.7 billion.
• 131 million shares of stock are outstanding.

Using the corporate valuation model approach, what should be the companys stock price today?