According to the value-based management model, what is the stock price per share given the following data?

Year 1:

Revenue: 750

Fixed Costs: 50

Variable costs: 200

Additional investments in NWC: 3

Additional investments in operating long-term assets: 80

Depreciation: 75

Corporate tax rate: 0.40

WACC_COMP: 0.15

Growth rate per year:

From year 1 through year 5: 0.10

After year 5: 0.05

Market value:

Non-operating short-term assets: 50

Non-operating long-term assets: 100

Market value:

Short-term debt: 50

Long-term debt: 700

Common Stock:

Market price per share: 15

Number of shares: 100

Question 1 Select one:

b.

$22.72

c.

$25.20

d.

$28.00