Texo Drone Supplies' last free cash flow was $1.75 million. Its free cash flow growth rate is forecast to be 25% in each of the next two years, after which free cash flows are expected to grow at a rate of 6% forever. Its weighted average cost of capital WACC is 12%. Texo has $7 million in short-term investments and $5 million in debtand has 1 million shares outstanding. What is the best estimate of the estimated per-share stock price per share?

a$28.51 b $32.51 c$34.11 d$44.64 e $49.64