You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow (FCF1) is expected to be $ 27 million, and it is expected to grow at a constant rate of 5 % a year thereafter. The company's WACC is 12 %, it has $ 75 million of long-term debt plus preferred stock outstanding, and there are 12 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?