How much is each share of the following company worth using the DCF method? Free cash flow is forecasted to be $108 million per year for the next three years, expected to grow at a steady rate in perpetuity thereafter. Cost of capital is 12.6%. The company has $136 million of debt and $11 million in cash. There are 22 million shares outstanding. The average EV/FCFF multiple of comparable companies is 5.3.

a. 35.2

b. 27.5

c. 24.2

d. 50.9

e. 20.9