A company is forecasted to generate free cash flows of $24 million next year and $29 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 7.5%. The company has $34 million in debt, $19 million of cash, and 22 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCEF) of 15, 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