Stormlight Technologies had free cash flows (FCFF) of $1200 over the past year. Next year, analysts expect cash flows to grow by 22%, followed by long-term growth of 8%. If the firm's WACC is 16%, and the firm has $10,000 in debt outstanding what is the total equity value of this firm? (round to nearest $1) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a $8,300

b $5,000

c $5,950

d $8,502