Plasma-Tech (PT) produces high definition TV-screens. PT currently (in 2020) has $12 million of debt (market value) and 150 million outstanding shares. It also has $ 90 million in cash. PT's free cash flows (FCF) for the next 3 years (i.e., for 2021, 2022, and 2023) are expected to be $13.5 million, $16.2 million, and $18.63 million respectively. Thereafter, the FCF are expected to grow at a constant rate of 8% per year for the foreseeable future. PT has a weighted average cost of capital (rWACC) of 12%. PT's current price per share is:

Select one:

a.$3.16

b.$2.64

c.$2.56

d.$2.12

e.$2.72