MakeUp Inc generated FCFF of $1450 and FCFE of $1200 in the most recent year. The firm will grow at a rate of 5% for the foreseeable future. The book value and market value of MakeUp's debt are $8000 and $10000, respectively. The firm's WACC is 9% and the firm's tax rate is 34%. Which of the following is closest to the value of equity stake in the firm?

a) 28000

b) 30000

c) 38000

d) 36000

e) 26000