You expect CCM Corporation to generate the following free cash flows over the next 5 years.

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

If CCM has $200 million of debt and 8 million shares of stock outstanding, then which is the share price for CCM closest to?

A) $49.50

B) $12.50

C) $19.35

D) $24.50

(Points : 35)