Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows(FCFs) during the next 4 years, after which FCF is expected to grow at a constant 8% rate. Dozier's weighted average cost of capital is WACC = 17%. Year Free cash flow($ millions) 1 -$400 2 $500 3 $700

4 $900 Suppose Dozier has $500 million in marketable securities, $1,500 million in debt, and 80 million shares of stock. What is the intrinsic price per share?

A) $43.79

B) $71.30

C) $68.54

D) $57.04