The Dell Corp has 125,000,000 shares outstanding and expects to have $500,000,000 in earnings (or net income) this year.  Dell plans to pay out 40 percent of its earnings in dividends and to use another 20 percent of their earnings to repurchase shares.  If Dell's equity cost of capital is 15% and Dell's earnings are expected to grow at a rate of 3% per year, then what is the value of a share of Dell stock?