Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below are the estimates of its free cash flow for common equity shareholders for the next six years:

(in dollars and at year-end)	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6
Cash Flow for Common Equity	400	450	520	600	950	1,284

After year 6, the free cash flow is expected to grow at a steady rate of 4% per year. If the required return is 8.5% on Shady Sunglasses’ common equity, what is the per share value of its common equity. Shady Sunglasses has 1,000 shares outstanding.