You have collected the following information about Globally Local, Inc. $($Nasdaq: GL$).$

In the current year $($i$.$e$.,$ Year $0),$ GL has net income of $$20$ million, depreciation of $$3$ million, capital expenditures of $$5$ million, and an increase in working capital of $$2$ million.

GL will finance $50$ percent of the increase in net fixed assets $(=$ capital expenditures $-$ depreciation$)$ and $50$ percent of the increase in working capital with debt financing.

Free cash flow to equity $($FCFE$)$ is expected to grow at $4\mathrm{.}0$ percent indefinitely.

The required return on equity is $10$ percent.

GL has $10$ million shares outstanding.

$5.$ Compute the free cash flow to equity $($FCFE$)$ for the current year.

$6.$ Estimate the per$-$share value of equity.