1. (10 points) Alpha Company has an equity beta of 0.7. They also have Total Liabilities of $55 million and Total Equity of $45 million. They have an EBIT of $6 million, depreciation of $0.5 million, capital spending of $1 million, a change in net working capital of -$2 million, and are taxed at 20%. Assuming the company's free cash flow grows at 3%, the risk-free rate is 2%, the market risk premium is 7%, and the company has 10 million shares outstanding, please calculate: Asset Beta, Free Cash Flow, and the price per share according to the free cash flow model