You friend is selling his Dairy Queen franchised that he owns in a corporation that has 1 million shares outstanding. The corporation has Free Cash Flow to the Firm projected at $250,000 for next year. This cash flow amount is expected to grow by 2% at the end of year 2 and every year thereafter. The appropriate risk adjusted discount rate is 11%. What price per share would you suggest is fair? Select one: a. $3.13 b. $2.78 c. $2.09 d. $5.75