Suppose you are a financial analyst and you project that Your Surname Corporation will generate operating earnings before taxes (EBIT) of $200,000 next year. The company will have $50,000 in depreciation expense and a tax rate of 35%. Management has indicated to you that they expect to make new net investments of $37,500 in operating assets next year. They have $31,250 in book value investments, and the market value of their debt is $562,500. You have thought that the WACC is 15% and that free cash flow can grow about 8.75% per year. If the company has 437,500 shares of common stock outstanding, what is the intrinsic value per share, using the free cash flow model? Use another spreadsheet within your Excel worksheet to present your answer.