EFG Inc. reported EBIT of 8.5 million for last year. Depreciation expense totaled 5 million and capital expenditures came to 2.5 million. Free cash flow is expected to grow at a rate of 2.5% for the foreseeable future. EFG faces a 40% tax rate and has a .60 debt to equity ratio with $22 million (market value) in debt outstanding. EFG's equity beta is 1.25, the risk-free rate is currently 4.5% and the market risk premium is estimated to be 7.5%. EFG has 15 million shares of common stock outstanding. What is the current value of a share of EFG stock?