Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

In the free cash flow to equity (FCFE) model, the intrinsic value of a share of stock is calculated as:
Option A:the present value of future expected FCFE.
Option B:the present value of future expected FCFE plus net borrowing.
Option C:the present value of future expected FCFE minus fixed capital investment.

Answer: A