A company is forecasted to generate free cash flows of $77 million for the next three years. After that, cash flows are projected to grow at a 2.7% annual rate in perpetuity. The company's cost of capital is 10.7%. The company has $69 million in debt, $8 million of cash, and 12 million shares outstanding. What's the value of each share? a. 33.4 b. 71.4 c. 32.7 d. 39.1 e. 45.0