VWX Ltd. had FCF of $1.5 million last year. Over the next five years, FCF is expected to grow at 10% per year. Afterward, FCF growth will slow to 4% per year. If the WACC is 9%, there are 1 million shares outstanding, and the company has issued $10 million market value of debt and $5 million market value of preferred stock, what is a share of VWX stock worth?

(Do not round intermediate numbers. Round final answer to the nearest cent and do not enter a dollar sign)