Last year, Myopic Conferencing Systems generated $2.80 per share in free cash flow. Free cash flow is expected to grow at a constant rate of 7 percent per year to infinity and beyond. Assume Myopic pays out 100% of its free cash flow in the form of a dividend and has no debt. Myopics beta is 0.8; the 10-year Treasury bond is currently yielding 2% annually, and the S&P 500 Index has returned 12% annually on average over the last century. What would be the current intrinsic value for each share of Myopics common stock?