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A company's most recent annual Free Cash Flow is $180,000,000. Free cash flow is expected to...

A company's most recent annual Free Cash Flow is $180,000,000. Free cash flow is expected to grow by 15% per year for the next 10 years and then grow by 3% per year thereafter. Investors required rate of return is 11%. What is the current value of the stock?

a. $11,300,755,080

b. $2,250,000,000

c. $5,404,011,121

d. $1,636,363,636

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