AboutBoot's free cash flow was just $1.50 million. If the expected long-run growth rate for this company is 4.5%, if the weighted average cost of capital is 12.2%, AboutBoot has $2.5 million in short-term investments and $5.5 million in debt, and 800,000 shares outstanding, what is the intrinsic stock price?

$18.57

$21.70

$25.45

$28.57