Stock A has a cost of equity of 8%, an ROE of 10% and a dividend payout ratio of 40%. You believe that, a year from now, the firm will pay a dividend of $3 per share. Assuming that the firm's dividends will grow at a constant rate in perpetuity, use the firm's fundamental growth rate to estimate its perpetual dividend growth rate. What is the intrinsic value of one share of stock A under these assumptions?