You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow (FCF 1 ) is expected to be $24.50 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The company's WACC is 10.0%, it has $125.o 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. a. $54,44 b. $51.56 c. $62.78 d. $49.92 e. $46.11