d. TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the following free cash flows were projected (in millions): After the 10th year, TIC's financial planners anticipate that its free cash flow will grow at a constant rate of 5%. Also, the firm concluded that the new product caused the WACC to fall to 7\%. The market value of TIC's debt is $1,400 million, it uses no preferred stock, it has zero nonoperating assets; and there are 25 million of common stock outstanding. Use the corporate valuation model to value the stock. Round your answer to the nearest cent. $ per share