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15. A company just reported the following results for its most recent fiscal year: Total revenues: $310 million, Operating profit margin: 30%, Tax rate: 22\%, Reinvestment rate: 25%. It has $400 million debt and $20 million cash. Number of shares outstanding is 45 million. You forecast that the company's FCFF will grow at a stable 2% rate in perpetuity. You estimate that the company's cost of capital is 11%. How much would you be willing to pay for each share? a. $4.58 b. $4.99 c. $5.26 d. \$23.04 e. $23.53