Ted Corporation expects to generate free-cash flows of $200,000 per year for the next five years. Beyond that time, free cash flows are expected to grow at a constant rate of 4 percent per year forever. If the firm's weighted average cost of capital is 15 percent, the market value of the firm's debt is $500,000, and Ted has a half million shares of stock outstanding, what is the value of Ted stock? Select one: a. $1.32 b. $1.79 c. $2.43 d. $2.22