10) You have been asked to use the free cash flow model to estimate Microsoft's ordinary share value. Microsofts weighted average cost of capital is 9%, its next end-of-year free cash flow (FCF) is expected to be $250.0 million, the FCFs are expected to grow at a constant rate of 7% per year in the future, the company has long-term debt plus preference shares worth a total of $600 million, and it has 200 million ordinary shares outstanding. What is Microsoft's estimated price per ordinary share?

Select one:

a. $56.00

b. $50.00

c. $46.00

d. $47.33

e. $59.50