You are using the corporate valuation model to estimate Circle Inc.'s intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow (FCF₁) is expected to be $45.0 million. The FCFs are expected to grow at a constant rate of 5.00%. The company has $200 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated value per share of common stock? (Hint: The first step is to use the constant growth model to find total firm value.)