Intrinsic Value Calculation using Gordon Growth Model

Mark is assessing the value of a company using the Gordon Growth Model, a form of the Dividend Discount Model (DDM). The company just paid a dividend of $4.00 per share, which he expects to grow at a constant rate of 6% per year. Additionally, he requires a return of 10% on his investment. Based on these inputs, what is the intrinsic value of the company's stock according to the Gordon Growth Model?