Ivy Enterprises invests a lot of money in R&D, and as a result it retains and reinvests all of its earnings instead of paying dividends.A pension fund manager is interested in purchasing Ivy's stock and has estimated its free cash flows for the next 3 years as follows:$5 million, $10 million, and $17 million.After the 3rd year, FCF is projected to grow at a constant 6 percent.Ivy's WACC is 11 percent, its debt and preferred stock total $50 million, and it has 3 million shares of common stock outstanding.What is the value of Ivy's stock price?