Vol, Inc. FCF\'s over the next 3 years are projected to be FCF1 = $5.00 Million, FCF2 = $5.00, FCF3 = $8.00 and

 free cash flows are projected to grow at 4% per year thereafter. Vol, Inc. also has the following information: 

RBG, Inc. free cash flow for next year (FCF1) is expected to be $9 mill. Free cash flows are expected to grow at a rate of 6% forever. It also has the following financial information:

Market Value of RBG Debt = $120 mill

Short-term Investment = $ 25 mill

Book value of equity = $160 mill

Total Assets = $180  million

Shares outstanding = 2.5 million

Required return on stock = 12%

WACC = 10%

Calculate RBG\'s intrinstic equity valye per share.