Beishan Technologies' end-of-year free cash flow (FCF1) is expected to be $70 million, and free cash flow is expected to grow at a constant rate of 5% a year in the future. The firm's WACC is 10%, and it has $600 million of long-term debt and preferred stock. If the firm has 36 million shares of common stock outstanding, what is the estimated intrinsic value per share of their common stock?

Your answer should be between 14.20 and 68.54, rounded to 2 decimal places, with no special characters.