Dinklage International does not pay a common dividend. Dinklages growth rate for Cash Flow from Assets (CFFA) is estimated to be 5.00%. Dinklages CFFA for 2018 was $23.1525 million. Dinklages WACC is known to be 9.50%. Dinklages balance sheet includes $26.4 million in Marketable Securities and $130.0 million in non-operating long-term assets. The firm currently carries $44.0 million in short-term debt, $160.0 million in long-term debt, and $22.0 million in preferred equity. There are currently 10 million shares of Dinklages common stock outstanding. Use the data above and the answer to the prior three questions to estimate the intrinsic value of Dinklages common stock as of the end of 2018. Calculate the value to the nearest penny. Answer: