Bruno's has 15,000 shares of stock outstanding and projected annual free cash flows of $48,200, $57,900, $71,300, and $72,500 for the next four years, respectively. After that, the cash flows are expected to increase at a constant annual rate of 1.6 percent. It does not have debt or cash.What is the current value per share of stock at a discount rate of 15.4 percent?

$34.08

$31.57

$28.99

$26.14

$29.06