Assume you have a company that has the following financials for fiscal year 2020

$760million in cash

$648million in book value of debt

$516 million in market value of debt

The company will generate a net income of $350 million and a free cash flow of $200 million in 2021.

The growth rates of the free cash flows will be:

4% in 2022.

2% in 2023

-3% per year after 2023

If the firms weighted average cost of capital is 10% and the firm has 200 million shares outstanding in 2020, then after its 2020 annual report is released to the public the firms equity value per share is $______