You must estimate the intrinsic value of IST Technologies stock. The end-of-year free cash flow (FCF₁) is expected to be $55.00 million, and it is expected to grow at a constant rate of 5.0% a year thereafter. The companys WACC is 9.0%, it has $105.0 million of long-term debt plus preferred stock outstanding, and there are 20.0 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?