You expect CCM Corporation to generate the following free cash flows over the next five years:

Following year five, you estimate that CCM's free cash flows will grow at 5% per year and that CCM's weighted average cost of capital is 13%.

17) If CCM has $150 million of debt and 12 million shares of stock outstanding, then the share price for CCM is closest to: A) $49.50. B) $11.25. C) $20.50. D) $22.75

Please explain the answer step by step, don't just give me the answer. Thanks.

1 2 Year FCF ($ millions) 3 32 4 37 5 40 25 28