You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow (FCF) is expected to be $28.50 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The company's WACC is 14.0%, it has $125.0 million of long-term debt plus preferred stock outstanding, and there are 12.0 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. a. $25.89 b. $23.51 $28.26 d. $44.35 e. $33.93