1.10 Elizabeth, Inc. had OFCF of $10.0 million last year. The current 30 -year Treasury is at 4%, the beta for Elizabeth, Inc. is 1.20, and the market risk premium is 7%. Elizabeth, Inc. has 6 million shares outstanding, a D/E ratio of 0.25, and two debt issues. The first issue has a market value of $20 million and a YTM of 8.25%. The second issue has a market value of $10 million and a YTM of 7.75%. The marginal tax rate for the company is 30%. The company has $2,000,000 of excess cash on the balance sheet. OFCF is expected to grow at 20% this year, then at 10% next year, and at 2% indefinitely after that. a. (3 points) What is the current price of a share of Elizabeth, Inc.? b. (7 points) What is a share of Elizabeth, Inc. actually worth