The Blue Monk Co. earned $3.50 per share last year. Investment in fixed capital was $2.00 per share, depreciation was $1.60, and the investment in working capital was $0.50 per share. Blue is currently operating at its target debt-to-asset ratio of 40%. Thus, 40% of annual investments in working capital and fixed capital will be financed with new borrowings. Shareholders require a return of 14% on their investment, and the expected growth rate is 4%. The value of Blue's stock is closest to: Select one a $27.43 b. $30.78 C. $24.96