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ABC Corp. plans to finance its expansion by borrowing $50 million and halting dividends. No other debt or preferred stock is in the firm. The projected free cash flows are: Year 1 FCF = $5 million and Year 2 FCF = $10 million.The FCFs are expected to grow at constant rate of 6% after year 2.The WACC is 16%, and the company has 2 million shares of stock.What should be the current stock price?

a.$20.26

b.$21.73

c.$19.82

d.$19.33

e.$19.05