WilliamsF1 just paid a $3.58 dividend but predicts it will be in trouble over the next 5 years with an RoE of 2.9%, and a reinvestment rate of 40%. Analysts predict this bad growth period will linearly increase over the 5 year period to an improved level, with RoE of 19.3% and a reinvestment rate of 40%. If the cost of equity for WilliamsF1 is 11.41%, what is the implied intrinsic value of equity?