River Enterprises has \($500\) million in debt and 20 million shares of equity outstanding.

Its excess cash reserves are \($15\) million. They are expected to generate \($200\) million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises’ cost of equity capital is 12%. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. How much higher (in dollars) would the price per share of stock be if you are right?