Consider the free cash flow approach to stock valuation. F&G Manufacturing Company is expected to have EBITDA of $1,850,000 in the coming year. The firm's corporate tax rate is 35%. It is expected that $250,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $145,000. After the coming year, cash flows are expected to grow at 5.5% per year. The appropriate market capitalization rate for unleveraged cash flow is 13.5% per year. The firm has an outstanding debt of $2,600,000. Calculate the intrinsic value per share of the equity of F&G Manufacturing Company if the company has 500,000 shares outstanding?