Sally Johnson, an analyst covering telecom stocks, is attempting to estimate the intrinsic value of Windstream (WIN) using the dividend discount model. She collects the following relevant data: The most recent annual dividend per share was $2.4 The applicable discount rate is 10.3% Johnson values the stock using a three-stage DDM, assuming growth rates of 10.4% for years 1-3, then 7.1% for years 4 and 5, and then 5% starting in year 6 into perpetuity. Based on Johnson's assumptions, what is the per-share value of WIN stock?