This was given on a sample exam. Could you please show the work of how the answer is B

14. Franktown Motors is expected to have an EBIT of $2.2 million next year. Depreciation, the increase in net working capital, and capital spending are expected to be $158,000, $92,000, and $114,000, respectively. All are expected to grow at 15 percent per year for four years (until year 5). The firm currently has $12 million in debt and 750,000 shares outstanding. After year 5, the adjusted cash flow from assets (or free cash flow) is expected to grow at 2.5 percent indefinitely. The company's WACC is 8.7 percent and the tax rate is 34 percent. What is the price per share of the company's stock? a. $27.82 II. $29.34 c. $22.07 d $26.12 e $16.47