23. Use the discounted cash flows model to estimate the intrinsic value per share of the following company. The firm is expected to have free cash flows to the firm over the next three years (all numbers in millions): $5,400, $5,767, and $6,090. At the end of the third year, the free cash flows will grow at a rate of 2.5% per year indefinitely. The appropriate discount rate is 6.5%. The current value of the firm's debt is (in millions) $32,000. The firm has 875 million shares outstanding.

A. $128.44

B. $121.50

C. $112.98

D. $98.45