Stingy Corporation is expected have EBIT of $1.2M this year. Stingy Corporation is in the 30% tax bracket, will report $133,000 in depreciation, will make $76,000 in capital expenditures, and will have a $24,000 increase in net working capital this year. The free cash flow to the firm (FCFF) is expected to grow at a constant rate of 4%. The market value of debt is $4 million and there are 1 million shares outstanding. If the WACC is 9%, what is the per share value of this firm's stock?

Group of answer choices

$8.47

$15.55

$13.46

None of the choices are correct

$10.55