16. You must estimate the intrinsic value of Nosto's stock. The end-of-year free cash flow (FCF1) is expected to be $27.50 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The company's WACC is 10.0%, it has $125.0 million of long-term debt plus preferred stock outstanding, and there are 14.5 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?

a. $51.07

b. $52.78

c. $54.58

d. $56.55