Assume that today is December 31, 2015, and the following information applies to Pacific Sky Airline:

• After-tax operating profit [EBIT(1-T), also called NO PAT] for 2016 is expected to be $500 million.
• The net capital expenditures for 2016 are expected to be $100 million (depreciation has already been deducted to arrive at the $100 million).
• No change is expected in net operating working capital.The free cash flow is expected to grow at a constant rate of 6% per year.
  The required rate of return on equity is 14%. 
• The WACC is 10%.
• The market value of the company's debt is $3 billion. 
• 200 million shares of stock are outstanding.

Using the free cash flow approach, what should the company's intrinsic stock price be today?