Panda Industries Inc. has a WACC of 7.09% and 85,281 common shares outstanding. The firm has $2,808,419 in preferred equity and outstanding debt of $1,050,585. 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 3.4% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock?

Period	Free Cash Flow
Year 1	$1,302,517
Year 2	$1,069,289
Year 3	$2,256,633
Year 4	$2,313,144
Year 5	$3,323,713