A company generated free cash flow of $45 million during the past year. Free cash flow is expected to increase 6% over the next year and then at a stable 2.0% rate in perpetuity thereafter. The company's cost of capital is 10.1%. The company has $327 million in debt, $28 million of cash, and 27 million shares outstanding. What's the value of each share?

		a. 10.7
		b. 15.1
		c. 4.3
		d. 26.7
		e. 22.7