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Decker Tires' free cash flow in the past year was just $ 1 . 3 2 million. Analysts expect the company's free cash flow to

Decker Tires' free cash flow in the past year was just $1.32 million. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC for this company is 9.00%. Decker has $4 million in non-operating assets, $11 million in debt, 3 million in preferred stock, and 1 million shares of common stock outstanding. What is the best estimate of the stock's current price?
$33.75
$35.99
$31.59
$32.65
$34.87
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