Lawrence Industries weighted average cost of capital is 10% in 2011 and 2012, and 12% from 2013 to infinity .It has $1,200,000 of debt at market value and $100,000 of preferred stock. The estimated free cash flows over the next 3-year is given below. Beyond 2013 to infinity, the firm expects its free cash flow to grow by 8% annually. The number of shares outstanding is 200,000. Find Lawrence Industries common stock value per share.

Year(t)	Free cash flow
2011	-$100,000
2012	$200,000
2013	$250,000