Residual Income Valuation of Gamma Holdings

Consider Gamma Holdings, a firm with a book value of equity of $8,000,000 at the beginning of the year. Gamma's anticipated net income for the current year is $1,200,000, and the required rate of return on equity is 10%. The company has a consistent growth rate of dividends of 3%. Using the Residual Income Valuation method, what is the intrinsic value of Gamma's equity per share if it has 1,000,000 shares outstanding?