Nova Inc. is expected to have a revenue of $600,000 in 2021 with an EBITDA margin of 40%. Tax rate is 30% and risk-free rate is 4%. Nova Inc. stock is publicly traded with a beta coefficient of 0.6 at $10 with 200,000 outstanding shares. Current market risk premium is 7%.

At the end of 2020, the account receivable was $80,000; the inventory was $150,000; the account payable was $50,000; and the income tax payable was $50,000. By the end of 2021, the account receivable is expected to be $100,000; the inventory is expected to be $140,000; the account payable is expected to be $40,000; and the income tax payable is expected to be $50,000.

Capital expenditure is expected to be $100,000 in 2021. Nova Inc. currently follows a straight line depreciation method to depreciate some capital goods (of 10 year lifespan, no residual value) purchased 5 years ago at half million dollars. Cash flows are expected to grow at 6% per year after 2021. Nova Inc. currently has a debt of $500,000 with $30,000 annual interest payment.

What is the intrinsic value of the Nova Inc. stock based on discounted cash flow approach? Assuming you are estimating at the beginning of 2021.