Problem $8-10$ You are building a free cash flow to the firm model. You expect sales to grow from $$1$ billion for the year that just ended to $$1\mathrm{.}2$ billion five years from now. Assume that the company will not become any more or less efficient in the future. Assume that the company will grow at a constant rate for $5$ years, and then at a constant rate of $3\mathrm{.}213729\%$ for year $6$ and onward after that. Use the following information to calculate the value of the equity on a per$-$share basis. Assume that the company currently has $$330$ million of net PP&E$.$ The company currently has $$110$ million of net working capital. The company has operating margins of $12$ percent and has an effective tax rate of $29$ percent. The company has a weighted average cost of capital of $11$ percent. This is based on a capital structure of two$-$thirds equity and one$-$third debt. The firm has $1$ million shares outstanding. Do not round intermediate calculations. Round your answer to the nearest cent.