You have been assigned the task of using the corporate valuation model to estimate

You have been assigned the task of using the corporate valuation model to estimate Hindelang Co.’s intrinsic value. Hindelang’s WACC is 12.00%, its expected end-of-year free cash flow (FCF1) is $150 million, the FCFs are expected to grow at a constant rate of 4.00% a year in the future, the company has $175 million of long-term debt plus preferred stock, and it has 50 million shares of common stock outstanding. What is the per-share estimate of the stock’s intrinsic value?