Intrinsic Value of ABC Corporation using FCF Valuation

ABC Corporation is a mature company with stable cash flows. Analysts are using a Free Cash Flow (FCF) model to estimate the intrinsic value of ABC's equity. For the current fiscal year, the company's projected free cash flow is $10 million, and it is expected to grow at a rate of 5% annually for the next five years. After that, a terminal growth rate of 3% will be applied. If the appropriate discount rate for ABC's equity is 10%, what is the intrinsic value of ABC's equity using the Free Cash Flow Valuation approach?