Analysts expect the Cornhusk Bank to generate $99.96 million of free cash flow at the end of the current year. (Assume that cash flows occur on December 31 and today is January 1.) Analysts expect Cornhusk's cash flow to grow at 3% in perpetuity. Cornhusk has no debt and its shareholders require a return of 10%. There are 150 million shares outstanding which trade for $9.52. The CFO of Cornhusk wants to borrow and use the borrowed funds to repurchase shares. The company will borrow enough funds such that its debt-to-value ratio is 30% and it plans to maintain that ratio in perpetuity. (D/E = 0.42857.) The cost of debt is 5% and the tax rate is 40%. What stock price should the company offer for repurchased shares such that the post-repurchase stock price is equal to the repurchase price? $10.41 O $9.92 O $9.87 O $10.00