Tuula is a new start$-$up company that is looking to go public. The following information has been gathered:

Expected free cash flows $($in one year$)$ $$300,000$

Expected annual growth in free cash flows $5\%$

Weighted average cost of capital $9\%$

Current value of long$-$term debt $$2,500,000$

Redundant asset $($net realizable value$)$ $$1,100,000$

Tuula has $50,000$ shares currently outstanding.

What is the value of Tuula$$s shares using the capitalized cash flow approach?

Question $16$ options:

a$)$

$$38\mathrm{.}67$

b$)$

$$100\mathrm{.}00$

c$)$

$$122\mathrm{.}00$

d$)$

$$172\mathrm{.}00$