John Doe, the CFO of Initial Enterprise, forecasts the firms free cash flows shown on the table below. The weighted average cost of capital (WACC) is 11.0%.

If the company has market value of debt and preferred stock of $ 1,000,000 and the total shares outstanding of 200,000 shares. What is the firms stock price today?

Year	1	2	3	4
FCF	-$5,000,000	$4,000,000	$3,000,000	$5,000,000

13.51

14.50

$15.07

$16.15

$26.53