Use the following information to estimate the intrinsic value of VIM's common stock using the residual income model: VIM had total assets of $ 3,000,000, financed with twice as much debt capital as equity capital. VIM's pre-tax cost of debt is 6 percent and cost of equity capital is 10 percent. VIM had EBIT of $300,000 and was taxed at a rate of 40 percent. EBIT is expected to continue at $300,000 indefinitely. VIM's book value per share is $ 20. VIM has 50,000 shares of common stock outstanding.