Ridgeway Construction has an FCFE of $2.00 per share and is currently operating at a target debt-to-equity ratio of 0.4. The expected return on the market is 8%, the risk free rate is 3%, and Ridgeway has a beta of 1.5. The expected growth rate of FCFE is 4.5%. Calculate the value of Ridgeway stock. $33.83 $34.83 $35.83 $36.83