1) Suppose that today is December 31, 2012, and that given information applies to Vermeil Airlines:

After-tax operating income [EBIT(1 - T)] for 2013 is expected to be= $600 million.
The depreciation expense for 2013 is expected to be= $160 million.
The capital expenditures for 2012 are expected to be= $425 million.
No change is expected in net operating working capital.
The free cash flow is expected to grow at the constant rate of= 5% per year.
The required return on equity is= 13%.
The WACC is= 9%.
The market value of the company's debt is= $3 billion.
150 million shares of stock are outstanding.

By using corporate valuation model approach, what must the company's stock price today? prepare out your answer entirely. For instance, 0.00013 million must be entered as= 130.