You have been assigned the task of using the corporate, or free cash flow, model to estimate Perfect Corporation's intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow (FCF 1 )...

You have been assigned the task of using the corporate, or free cash flow, model to estimate Perfect Corporation's intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow (FCF₁) is expected to be $70.0 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. Assume the firm has zero non-operating assets.  What is the firm's estimated intrinsic value per share of common stock?