Assume the following free cash flows for Zhang Inc. for 2018 and forecasted ROPI for 2019 onward (in millions): Current Forecast Horizon Terminal (Smillions) 2018 2019 2020 2021 2022 Year Residual Operating Income (ROPI) $6,138 $6,396 $6,794 $6,624 $6,290 $6,542 Find the value per stock given a discount rate of 8%, and an expected terminal growth rate of 4.0%. The 2018 Net Non-operating obligations (NNO) is $120,000, 2018 Net operating assets (NOA) is $100,000, and the number of shares outstanding is 10,000. A. $12.18 B. $15.1 C. $13.3 D. $22.9 E. None of the above