20. MNB Inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be -$10 million, but its FCF at t = 2 and t=3 will be $20 million and $30 million respectively. After Year 3, FCF is expected to grow at a constant rate of 4% per year forever. The firm's weighted average cost of capital is 10%. The firm has no non-operating assets. The firm has a total amount of debt equal to $150 million and has 5 million common shares outstanding. what is the price per share based on the value-based management model? Select one: a. $54.13 b. $48.09 c. $50 d. $62.66 e. $58.22