16. You must estimate the intrinsic value of Venus Technologies' stock. The end-ofyear free cash flow (FCF1) is expected to be $37.5 million, and it is expected to grow at a constant rate of 6.0% a year thereafter. The company's WACC is 10.0%, it has $195.0 million of long-term debt plus preferred stock outstanding, and there are 15.0 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? a) $52.75 b) $57.50 c) $48.67 d) $54.89 e) $49.50