Suppose you can estimate the free cash flow for Hoosier Electronics for the next 3 years. You predict that FCF will be $55.00, $57.00, and $60.00 million respectively. After the third year, you believe that FCFs will grow forever at 6.00%. The firms WACC is 12.00%. Currently, the book value of bonds is $184.00 million, the book value of notes payable is $52.00 million, and the book value of preferred stock is $43.00 million.

If the firm has 23.00 million shares of common stock outstanding, what is the equity value per share?