Intrinsic Value Calculation of ABC Corp.

ABC Corp. is a well-established company that has consistently paid dividends for the past decade. The firm is expected to grow its dividends at a constant rate of 5% per year indefinitely. As of the end of the current year, ABC Corp. will pay a dividend of $4.00 per share. The required rate of return on equity for investors is 10%.

Using the Gordon Growth Model (also known as the Dividend Discount Model for constant growth), what is the intrinsic value per share of ABC Corp.?