K.47 Corporation plans to issue equity to raise $30 million to finance a new investment. After making the investment, K.47 expects to earn free cash flows of $11 million each year. K.47 currently has 5 million shares outstanding and no other assets or opportunities. Suppose that with leverage, K.47's expected free cash flows will decline to $9 million per year due to reduced sales and other financial distress costs. Assume that the appropriate discount rate for K.47's future free cash flows is 6% and corporate tax rate is 30%. What is K.47's share price today given the financial distress costs of leverage? a) 17.70 b) 25.80 c) 100.00 d) 5.00