Quantitative Problem 1: Assume todoy is December 31, 2016. Barrington fndustries expects that its 2017 after-tax operating income (EarT(1 - T)] Will be 5430 millien and its 2017 depreciation expense will be $60 milion. Barrington's 2017 gross capilal expenditures are expected to be $110 miltion and the change tin its flet operating working capital for 2017 will be $25 milion. The firm's free cash flow is expected to grow ot a constant rate of 6%-annually. Assume that its free cash flow occurs at the end of eech year. The firm's weighted average cost of capital is 8.1%; the market value of the company's debt is 12.1 billion; and the company has 190 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Using the free cash fiow valuation mode, what should be the company's stock price todoy (December 31, 2016)? Round your answar to the nesrest cent Do not round intermediate calculations. per share