Free Cash Flow Valuation of XYZ Corporation

XYZ Corporation is evaluating its current free cash flow to better understand its valuation. For the current year, the company reported a free cash flow of $500,000. The firm expects its free cash flow to grow at a constant rate of 5% per year indefinitely.

Using the Gordon Growth Model, which is commonly applied in Free Cash Flow Valuation, what is the intrinsic value of XYZ Corporation's equity if it has 100,000 shares outstanding and the required rate of return is 10%?