Citric's managers believe that it will have the following free cash flows. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3. If there is $200 million in debt, $30 million in preferred stock, and 10 million shares outstanding, what is your estimate of stock price? Year 1 2 3 Free cash flow -$20.00 $48.00 $50.50

a. $461.38 b. $574.41 c. $57.44 d. $46.14 e. $23.14