depreciation expense will be $20 millon. Aarringtor's 2020 gross capital expenditures are expected to be $100 millicn and the change in its net operating aorking capital for 2020 will be $30 millon. The firm's free cash flow is expected to grow at a constant rote of 6.5% annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is 8.4%; the market value of the company's debt is $2.7 billion; and the corrpany has 190 millon shares of cornmon stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects, Nso, the firm has zero non-cperating ascets. Using the corporate valuation mosel, what sheuld be the company's stock price today (Decenber 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. \$ per share