$\backslash$table$[[$Year$,0],[$Revenue$,1000\mathrm{.}00],[$Fixed costs,$150\mathrm{.}00],[$Variable costs,$200\mathrm{.}00],[$Add$.$ investment in NWC$,10\mathrm{.}00],[$Add$.$ investment in operating long$-$term,$70\mathrm{.}00],[$assets$,60\mathrm{.}00],[$Depreciation$,35\mathrm{.}00],[$Interest expenses,$25\mathrm{.}00],[$Newly issued debt,$15\mathrm{.}00]]$

Market value of the firm:

Price

per share No$.$ of shares Market value

Short$-$term debt

Long$-$term debt

Common stock

$18\mathrm{.}00$

$100$

$1,800\mathrm{.}00$

Total

$2,600\mathrm{.}00$

Cost of equity $($Rs$)$

$0\mathrm{.}1400$

Tax rate

$0\mathrm{.}40$

Growth rate per year from year $1$ through

$0\mathrm{.}12$ year $5$

Growth rate after year $5$

$0\mathrm{.}05$

Based on the above information, what is the stock price per share based on the equity free cash flow model?

Select one:

a$.36\mathrm{.}46$

b$.40\mathrm{.}33$

C$.44\mathrm{.}47$

d$.32\mathrm{.}53$