You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is 12.00%, its end-of-year free cash flow ( FCF1 ) is expected to be $55.0 million, the FCFs are expected to grow at a constant rate of 5.00\% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 35 million shares of common stock outstanding. Assume the firm has zero non-operating assets. What is the firm's estimated intrinsic value per share of common stock? Do not round intermediate calculations. a. $22.45 b. $28.16 c. $17.86 d. $19.43 e. $16.73