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Industrial Bruin Lights is expected to have $30 millions in free cash flows next year. The growth rate of free cash flows is expected to

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Industrial Bruin Lights is expected to have $30 millions in free cash flows next year. The growth rate of free cash flows is expected to be 14% in the following year, 12% in the year after that, and continue declining by 2% until it reaches 6%, where it is expected to remain indefinitely. The firm has no debt, and there are 6 million shares outstanding. Investors require 15% return on the company stock. The tax rate is 40%. What is your estimate of the current share price? Select one: O a. $51.33 O b. $101.94 O c. $65.05 O d. $138.56 e. $36.88

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