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Bear Inc. had a free cash flow FCF 0 = $1.50 million and that you believe its FCF will grow at a constant growth rate

Bear Inc. had a free cash flow FCF 0 = $1.50 million and that you believe its FCF will grow at a constant growth rate of 4%. If its weighted average cost of capital is 10.1%, w hat is Bear's current value of operations?

a.

$24.31 million

b.

$23.70 million

c.

$25.57 million

d.

$23.11 million

e.

$24.93 million

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