Assume that today is December 31 2012 and that the following information applies

Assume that today is December 31 2012 and that the following information applies to Vermeil Airlines:After-tax operating income [EBIT(1 T)] for 2013 is expected to be $600 million.Thedepreciation expensefor 2013 is expected to be $160 million.Thecapital expendituresfor 2012 are expected to be $425 million.No change is expected in netoperating working capital.Thefree cash flowis expected to grow at a constant rate of 5% per year.The required return on equity is 13%.The WACC is 9%.The market value of the companys debt is $3 billion.150 million shares of stock are outstanding.Using thecorporate valuationmodel approach what should be the companysstock pricetoday? Round your answer to the nearest cent. Write out your answer completely. For example 0.00013 million should be entered as 130.