You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $5.40 million last year. You project that free cash flow will grow at a rate of 7.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $25.86 million. The firm has 2.44 million shares of common stock outstanding. If the firm's cost of capital is 15.0%, what is the most you should pay per share for the stock now? $46.37 $29.60 $72.23 $19.00 $78.91