KJ wants to forecast a 12-month price target for Cain and Associates.He estimates the FCFs and terminal value shown in the table below.C&A's equity to total capitalization ratio is expected to hold steady at 70%.C&A has 20 million shares outstanding.Using this information and a WACC of 12.5%, what is C&A's price per share?

(in $millions)

Year 1 FCF = 23M

Year 2 FCF = 25.8M

Year 3 FCF = 34M

Terminal Value = $567

A.$462.70

B. $16.19 per share

C. $22.70 per share

D. $23.14 per share