Robertson Corp is trying to determine the current value of one share in their company. They expect that their free cash flow will be 8.2 million 6.3 million 4.5 million 3.4 million and 8.7 million for the next five years and will grow at the same rate as the industry thereafter. The weighted average cost of capital is 4% and the industry growth rate is 3% the corporation has no debt but has 25 million cash on hand and 23,000,000 shares. What is the price per share of Robertson Corp today?

a) $26.89

b) $34.85

c) $25.25

d) $34.32