A firm with no debt had $$65$ million last year. Investors require a $12\%$ return on their equity and free cash flow is expected to increase by $5\%$ each year. If the firm has $25$ million shares outstanding, what is the expected value of the firm's share price? The answers available are.

a$.$$$39\mathrm{.}00$

b$.$

$$40\mathrm{.}95$

c$.$

$$37\mathrm{.}14$

d$.$

$$36\mathrm{.}50$