. - . An analyst estimating the value of Bowlin Inc. has made the following assessments: The company's free cash flow this year is $3,000. For convenience, she assumes that all cash is generated at the end of the year, so FCF; = $3,000. The firm's free cash flow will grow at a constant growth rate of 2% per year. Bowlin's WACC is 10%. Bowlin has $9,000 in total debt. The firm has no preferred stock. The firm has excess cash of $7,500. Bowlin has 3,000 shares of common stock outstanding. What is the per-share estimate of the stock's intrinsic value today at t = 0? . W . . . Be 1. 12 2. 13.5 3. 15 4. 16.5 5. 18