You are trying to estimate the share price for Heavyweight Inc. Heavyweight currently has $40$ million shares outstanding, a cost or equity of $20\%,$ a cost of debt of $5\%,$ and a marginal tax rate of $20\%.$ The firm has no excess cash and maintains a debt$-$to$-$enterprise value ratio of $55\%.$ It is expected to generate free cash flows of $$150$ million at the end of the year and free cash flows are expected to grow at an annual rate of $2\%$ in perpetuity. Given this information, and using the WACC method, what is the best estimate for Heavyweight's share price? Select one.

I.

$$18\mathrm{.}34$

II$.$

$$17\mathrm{.}31$

III.

$$22\mathrm{.}42$

IV$.$

$$16\mathrm{.}49$