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You want to value a stock, but it does not pay any dividends. The last periods FCFE was $5.26 and it has an estimated annual

You want to value a stock, but it does not pay any dividends. The last periods FCFE was $5.26 and it has an estimated annual free cash flow growth rate of 6.61%. The required return for this stock is 11.58% and its long term growth rate is 2.46%. It also has an ROE of 29.7%. What is the estimated intrinsic value using the constant state FCFE method? State your answer as a percentage with two decimal places and use the adjusted method.

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