Today is December 31, 2018. The following information applies to Addison Airlines: After-tax, operating income for the year 2019 is expected to be P400 million. The companys depreciation expense for the year 2019 is expected to be P80 million. The companys capital expenditures for the year 2019 are expected to be P160 million. No change is expected in the companys net operating working capital. The companys free cash flow is expected to grow at a constant rate of 5 percent per year. The companys cost of equity is 14 percent. The companys WACC is 10 percent. The current market value of the companys debt is P1.4 billion. The company currently has 125 million shares of stock outstanding. Using the free cash flow valuation method, what should be the companys stock price today?

Group of answer choices

P85

P40

P50

P25