The common stock of Etar Company currently sells for $32.50 per share. In an attempt to determine whether Etar Company is fairly priced, you have assembled the following information: - The before-tax required rates of return on Etar debt, preferred stock and common stock are, respectively, 7.0\%, 6.8\%, and 11.0%. - The company's target capital structure is 30\% debt, 15\% preferred stock, and 55% common stock. - The market value of the company's debt is $145 million, and its preferred stock is valued at $65 million. - Etar's FCFF for the year just ended is $33 million. FCFF is expected to grow at a constant rate of 5.5% for the foreseeable future. - The tax rate is 27%. - Etar has 12 million outstanding common shares. What is Etar's estimated common stock value per share? $98.55 $55.82 $76.00 $82.02 $64.29