The Generic Genetic $($GG$)$ Corporation pays no cash dividends currently and is not expected to for the next four years. Its latest EPS

was $$5\mathrm{.}40,$ all of which was reinvested in the company. The firm's expected ROE for the next four years is $20\%$ per year, during which

time it is expected to continue to reinvest all of its earnings. Starting in year $5,$ the firm's ROE on new investments is expected to fall to

$19\%$ per year. GG$\text{'}$s market capitalization rate is $19\%$ per year.

Required:

a$.$ What is your estimate of GG$\text{'}$s intrinsic value per share?

Note: Round your answer to $2$ decimal places.