A financial analyst following Fast Start Inc., a new high-growth company, estimates that the current risk-free rate is 6.25%, the market risk premium is 5%, and that Fast Starts beta is 1.75. The current FCFF (FCFF0) is $1. The companys FCFF is expected to grow at a rate of 25% this year, 20% next year, and 15% the following year. After three years the FCFF is expected to grow at a constant rate of 7% forever. The company has no debt and is 100% equity. What is the current stock price estimated using DCF model?

$17.33

$19.89

$18.53

$19.25