ABC Corporation is a telecommunications company with the following financial data:

Sales Revenue: $$1,000,000$

Operating Costs: $$600,000$ excluding depreciation$)$

Depreciation Expense: $$50,000$

Tax Rate: $25\%$

Capital Expenditure: $$100,000$

The required rate of return for investments similar to ABC Corporation is $12\%.$ The company has $500,000$ shares outstanding. What is the value per share of ABC Corporation's stock using the Free Cash Flow $($FCF$)$ method assuming perpetual life.?

a$)$ $$6\mathrm{.}88$

b$)$ $$3\mathrm{.}54$

c$)$ $$4\mathrm{.}38$

d$)$ $$4\mathrm{.}17$

correct answer is $($b$)$$$3\mathrm{.}54$