Refer to the previous question about Martial Arts Inc. The company has $27 million of long-term debt plus preferred stock outstanding and there are 2.2 million shares of common stock outstanding. The $27 million is the combined market value of the debt and preferred stock. The firm does not hold excess cash. Some believe, with some justification, the book value should be used but that is not consistent with the WACC calculation so theoretically market values should be used. What is the firm estimated intrinsic value per share of common stock? Round to one cent.