1. A company is projected to generate free cash flows of $169 million next year and $197 million at the end of year 2, after which it is projected grow at a steady rate in perpetuity. The company's cost of capital is 11.9%. It has $136 million worth of debt and $66 million of cash. There are 24 million shares outstanding. If the exit multiple for this company's free cash flows (EV/FCFF) is 6.6, what's your estimate of the company's stock price? Round to one decimal place.

2. You are valuing Soda City Inc. It has $132 million of debt, $77 million of cash, and 182 million shares outstanding. You estimate its cost of capital is 9.8%. You forecast that it will generate revenues of $726 million and $774 million over the next two years, after which it will grow at a stable rate in perpetuity. Projected operating profit margin is 33%, tax rate is 24%, reinvestment rate is 46%, and terminal EV/FCFF exit multiple at the end of year 2 is 11. What is your estimate of its share price? Round to one decimal place.