You collected the following information about Locally Global, Inc. (NYSE: LGI). The free cash flow to equity (FCFE) per share for the current year is $2.00. The FCFE is expected to grow at 4 percent for next year, then at 6 percent annually for the following three years, and then at 3 percent in Year 5 and thereafter. LGIs estimated beta is 1.4. The risk-free rate of return is 1.0 percent. The current equity risk premium is 5.0 percent. Estimate the value of a share of LGI using a three-stage FCFE valuation model.