ABC Enterprise has never paid a dividend. Free cash flow is projected to be $20 million and $35 million for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 8%. The companys weighted average cost of capital is 11%. ABC has short-term investments of $120 million, a total debt of $100 million, and preferred stock of $20 million. ABC has 20 million shares of common stock. What is the intrinsic price per share?

A-55.36

B-34.58

C-53.45

D-28.29