Assume next period's dividend is forecast to be $3.62 per share and that next period's free cash flow to invested capital is forecast at $1,250,000. Assume that WACC = 8% and the cost of equity is 14%. The cost of debt is 4% and the risk-free rate is 3.50%. The long-run dividend growth rate is expected to be 3% and free cash flows are expected to grow at a compounded rate of 5% annually in perpetuity. The best estimate the today's equity share value using the discounted dividends method using end of year discounting assumptions is: O a $32.91 O b. $19.14 O c. $21.82 O d. $26.67