You have been assigned the task of using the corporate, or free cash flow, model to estimate Instant Corporation's intrinsic value. The firm's WACC is 9.00%, its end-of-year free cash flow (FCF1) is expected to be $60.0 million, the FCFs are expected to grow at a constant rate of 6.00% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. Assume the firm has zero non-operating assets. First, find the estimated value of the corporation and then the firm's estimated intrinsic value PER SHARE of common stock. Based on your result, if the stock is currently selling at $50 per share, what would you recommend, buy or sell and why?