XYZ Company's growth rate for free cash flow to equity is expected to grow at 8 per cent for the next 3 years. The growth rate will be then will be 6 percent for 3 more years. After then, it will decline to a steady state of 4 per cent. Market capitalization rate for XYZ is 10%. Company's free cash flow to equity was $3.00 per share last year. What would be the value of the equity today according to free cash flow to equity valuation?