You have been assigned the task of using the corporate valuation model to estimate Portland Co.'s intrinsic value. Portland Co's WACC is 9.00%, its expected end-of-year free cash flow (FCF₁) is $110 million, the FCFs are expected to grow at a constant rate of 3.00% a year in the future, the company has $133.333 million of long-term debt plus preferred stock, and it has 25 million shares of common stock outstanding.What is the per-share estimate of the stock's intrinsic value?

a.$68.00

b.$70.20

c.$73.33

d.$75.53

e.$77.00