You have been assigned the task of using the corporate valuation model to estimate Cordell Co$.$s intrinsic value. Cordell$$s WACC is $11\mathrm{.}00\%,$ its expected end$-$of$-$year free cash flow $($FCF$1)$ is $$275$ million, the FCFs are expected to grow at a constant rate of $3\mathrm{.}00\%$ a year in the future, the company has $$125$ million of long$-$term debt plus preferred stock, and it has $50$ million shares of common stock outstanding. What is the per$-$share estimate of the stock$$s

intrinsic value?

a$.$ $$65\mathrm{.}00$

b$.$ $$66\mathrm{.}25$

c$.$ $$67\mathrm{.}50$

d$.$ $$68\mathrm{.}75$

e$.$ $$70\mathrm{.}00$