It is January 2021 and you are trying to value the stock of Cowbell Inc. using a free cash flow model. The firm currently has 5 million shares outstanding, a market value of debt of $300 million and no excess cash. You estimate that the firm's free cash flow at the end of the year will be $80 million. You also assume that free cash flows will continue to grow at a rate of 2% each year in perpetuity. The firm's weighted average cost of capital (WACC) is 10%. Given this information, what is the best estimate for the share price of Cowbell? Select one.

	I.	$120
	II.	$160
	III.	$140
	IV.	$200
	V.	$100