You have been assigned the task of using the corporate valuation model to estimate Meric Corporation's intrinsic value. Meric$$s WACC is $10\%,$ its end$-$of$-$year free cash flow $($FCF$)$ is expected to be $$75$ million, the FCFs are expected to grow at a constant rate of $5\mathrm{.}5\%$ a year in the future, the company has $$400$ million of long$-$term debt plus preferred stock, and it has $50$ million shares of common stock outstanding. What is the company's estimated stock price per share?

$$20\mathrm{.}55$

$$25\mathrm{.}33$

$$26\mathrm{.}85$

$$50\mathrm{.}00$

$$64\mathrm{.}33$