You have been asked to value a car dealership that has Free Cash Flow to the Firm projected at $350,000 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 8% and there are one million shares outstanding. What is the value per share?

a. $5.83 b. $6.07 c. $4.09 d. $3.83