MMP Incorporated generated FCF in the most recently completed year of $700,000. We expect FCF to grow by 10% in year 1, 8% in year 2 and 7% in year...

MMP Incorporated generated FCF in the most recently completed year of $700,000. We expect FCF to grow by 10% in year 1, 8% in year 2 and 7% in year three. Beginning in year four, FCF will begin to grow at a constant rate of 6%. The required rate of return on this investment is 12%. MMP has debt of $2,000,000, preferred stock of $1,000,000 and 400,000 shares of common stock outstanding. What is each share of common worth today?