ABC firm has FCFF of 600 million. Before-tax cost of debt is 6.7 percent, and its required rate of return for equity is 12.5 percent. Capital structure consists of 30 percent debt financing and 70 percent equity financing. The tax rate is 33.33 percent, and FCFF is expected to grow forever at 5.5 percent. Debt outstanding is 1.2 billion and has 100 million outstanding common shares. What is the value per share of ABC stock?

a. 128.90

b. 125.91

c. 123.45

d. 122.87