"possible purchase of Biggerstaff & McDonald (B&M), a privately held company owned by two friends, each with 5 million shares of stock. B&M currently has free cash f low of $24 million, which is expected to grow at a constant rate of 5%. B&Ms financial state-ments report short-term investments of $100 million, debt of $200 million, and preferred stock of $50 million. B&Ms weighted average cost of capital (WACC) is 11%"

(4) What is its estimated intrinsic stock price per share