The tables below present expected free cash flow related data for XYZ for Year 1 and selected balance sheet data as of Year 0. XYZ has reached the steady state growth phase and XYZs WACC is 8%.

Year 0 Data

Debt	4,000
Shares outstanding	400

Year 1 Data

NOPLAT	4,500
Free Cash Flow	1,200
CAPEX	130

You expect that XYZ would grow at 2.0% per year in perpetuity. What is XYZs intrinsic value per share.

	A.	67.5
	B.	40
	C.	75
	D.	50