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Based on last years results and various projections of its future operations, you have determined that Amazon Corporation's free cash flows, which were $3,977 million

Based on last years results and various projections of its future operations, you have determined that Amazon Corporation's free cash flows, which were $3,977 million this year will grow in perpetuity at 3% per year. The company has nonoperating assets of $981 million and nonoperating liabilities of $1,527 million. The weighted average cost of capital is 9% and there are 771 million shares of common stock outstanding. What is the implied value of the company's common stock? Present your answer to two decimal places (e.g., $20.00).

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