Decker Tires' Free Cash Flow Was Just FCF₀ = $1

Multiple Choice

Decker Tires' free cash flow was just FCF₀ = $1.32.Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter.The WACC for this company 9.00%.Decker has $4 million in short-term investments and $14 million in debt and 1 million shares outstanding.What is the best estimate of the stock's current intrinsic price?

A) $31.59
B) $32.65
C) $33.75
D) $34.87
E) $35.99