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Towson Corporation has a projected free cash flow of $25 Million next year. They have a WACC of 9% and expect their growth rate to

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Towson Corporation has a projected free cash flow of $25 Million next year. They have a WACC of 9% and expect their growth rate to be constant at 4% going forward. In addition, Towson Corporation has $19 million in debt and owes its Preferred Stockholders $11 million. The corporation has 9 million shares of common stock outstanding. What is Towson's expected current common stock price per share using the corporate valuation model? O a. $500 Million per share O b. $52.22 per share O c. $55.56 per share O d. $2.78 per share O e. $27.53 per share

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