Use the Information for the Question(s)below

Multiple Choice

Use the information for the question(s) below.
Iota Industries is an all-equity firm with 50 million shares outstanding.Iota has $200 million in cash and expects future free cash flows of $75 million per year.Management plans to use the cash to expand the firm's operations,which in turn will increase future free cash flows by 12%.Iota's cost of capital is 10% and assume that capital markets are perfect.
-The price per share of Iota if they decide not to use the $200 million to expand and hold the cash instead is closest to:

A) $16.50.
B) $16.80.
C) $19.00.
D) $13.75.