Magellan Midstream Partners (MMP) has $2.1 million in excess cash, $63.8 million debt, and is expected to have a free cash flow of $36 million next year. Its FCF is then expected to grow at a rate of 2.5% per year in perpetuity. If MMPs weighted average cost of capital is 8.5% and it has 7 million shares outstanding, what should be the price of MMPs stock?

		76.90
		85.71
		95.13
		53.82