A company is forecasted to generate free cash flows of $23 million next year and $31 million the year after. After that, cash flows are projected to grow at a stable rate in perpetuity. The company's cost of capital is 11.0%. The company has $35 million in debt, $11 million of cash, and 24 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCFF) of 18, what's your estimate of the company's stock price? a, 18.4 b. 23.4 C. 18.6 d. 19.8 e. 20.5