Panda Industries Inc. has a WACC of 6.47% and 74,311 common shares outstanding. The firm has $1,421,568 in preferred equity and outstanding debt of $2,007,010. Use the DCF valuation model based on the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.6% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock? Period Year 1 Year 2 Year 3 Year 4 Year 5 Free Cash Flow $1,002,372 $1,636,949 $1,928,791 $2,351,918 $2,290,423