You must estimate the intrinsic value of Noe Technologies stock. The end-of-year free cash flow (FCF₁) is expected to be $27.00 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The companys WACC is 10.0%, it has $125.0 million of long-term debt plus preferred stock outstanding, and there are 15.0 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.

Group of answer choices

$59.42

$51.67

$47.53

$43.92

$41.85