1) You evaluate Warren Co. using the FCF model. Warren's stock is known to be twice as risky as S&P 500. Its debt-to-equity ratio is 0.25 with a tax rate of 45%. Calculate Warren's asset beta. 2) Calculate Warren's required return. 1-year T-note rate is 2%. The market risk premium is 7%. 3) Warren had EBIT last year of $62 million, which is a net of a depreciation expense of $3.5 million. Warren increased fixed assets by $5 million and net operating working capital by $3 million this year. What is Warren's FCF for the year? 4) FCF is expected to grow at a rate of 2.5% into perpetuity. Warren's number of shares outstanding is 100 million. What is Warren's equity price per share