You estimate XYZ Corporations FCFF in the year that just ended at $1.64 million. Depreciation was $400,000.00 and the average tax rate 35%. In addition, XYZ Corp paid $300,000.00 in interest payments and their net debt increased for $0.6 million. You estimate the free cash flows to equity will grow at 3% indefinitely. The return required by equity holders is 11%; there are 4 million shares outstanding. Using Free cash flow approach, find the value of XYZ Corps share price.