Can you please provide the explanation, formula and correct answer for the problem above?

According to the value-based management model, what is the stock price per share given the following data? Year 1 : Revenue: 750 Fixed Costs: 50 Variable costs: 200 Additional investments in NWC: 3 Additional investments in operating long-term assets: 80 Depreciation: 75 Corporate tax rate: 0.40 WACC COMp: 0.15 Growth rate per year: From year 1 through year 5:0.10 After year 5: 0.05 Market value: Non-operating short-term assets: 50 Non-operating long-term assets: 100 Market value: Short-term debt: 50 Long-term debt: 700 Common Stock: Market price per share: 15 Number of shares: 100 Select one: a. $16.22 b. $22.72