Analysts predict that Easterling Corporation will have free cash flows of $0 at t=0, $8 million at t=1, negative $2 million at t=2, $22 million at t=3. After t= 3, FCF is expected to grow at a constant 12 percent rate forever. The companys WACC is 14 percent. Suppose the company has $140 million of debt and 5.2 million shares of stock outstanding, what is your estimate of the price per share?

Group of answer choices

a. $136.90

b. $132.96

c. $154.07

d. $156.12

e. None of the above is within $5 of the correct answer.