You must estimate the intrinsic value of Noe Technologies' stock. The end$-$of$-$year free cash flow $(FC{F}_1)$ is expected to be $$26\mathrm{.}50$ million, and it is expected to grow at a constant rate of $7\mathrm{.}0\%$ a year thereafter. The company's WACC is $10\mathrm{.}0\%,$ it has $$125\mathrm{.}0$ million of long$-$term debt plus preferred stock outstanding, and there are $19\mathrm{.}0$ 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$.$ $$46\mathrm{.}49$

b$.$ $$43\mathrm{.}17$

c$.$ $$39\mathrm{.}91$

d$.$ $$53\mathrm{.}07$

e$.$ $$44\mathrm{.}56$