Suppose you are the owner of an online shopping company. Your online shopping company generates a free cash flow of $5 million per year in perpetuity. The cost of capital for your company is estimated to be 12%. Spiderworld, a listed company, just informed you that it would like to buy your company. According to Spiderworld's offer, you will receive 1.5 million shares of Spiderworld, with each share currently trading at $3.0 per share. You can sell the shares of Spiderworld that you will receive in the market at any time. In the offer, Spiderworld also agrees that after one year, it will buy the shares back from you for $3.7 per share if you desire. Suppose the current one- year risk-free rate is 6%, the volatility of Spiderworld stock is 25%, and Spiderworld does not pay dividends. The value of this offer is closest to O a $4.30 million O b. $5.44 million OC. $5.68 million d. $4.63 million