A company generated free cash flow of $55 million during the past year. Free cash flow is expected to increase 4% over the next year and then at a stable 2.4% rate in perpetuity thereafter. The company's cost of capital is 8.1%. The company has $395 million in debt, $27 million of cash, and 28 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