XYZ Corporation is expected to generate the following free cash flows for the next five years: $10 million, $12 million, $14 million, $16 million, and $18 million. After Year 5, the company expects to grow its free cash flows at a constant rate of 3% indefinitely. The company has a weighted average cost of capital (WACC) of 9%.
Using the Free Cash Flow Valuation method, what is the value of XYZ Corporation's equity per share, assuming there are 5 million shares outstanding? Round your answer to the nearest whole dollar.