Feng Co. is expected to pay a $21.00 dividend next year. The dividend will decline by 10 percent annually for the following three years. In Year 5, Feng will sell off assets worth $100 per share. The Year 5 dividend, which includes a distribution of some of the proceeds of the asset sale, is expected to be $60. In year 6, we expect the dividend to decrease to $40. We expect that this dividend will be maintained at $40 for one additional year. It is then expected to grow by 5 percent annually thereafter. If the required rate of return is 12 percent, what is the intrinsic value of one share of Feng?