Gamma Inc. is 40% debt financed. The yield to maturity on the debt is 7% and it faces a corporate tax rate of 15%. You estimate that the stock has a beta of 1.9, that the expected market premium is 7%, and that the risk-free rate is 2.5%. If the free cash flow to equity is $2,000,000 per year, with no growth for 3 years followed by 3% growth, and if the firm has 1,000,000 shares outstanding, what price do you estimate for the stock?