15. Demon Corporation expects to generate free-cash flows of $200,000 per year for the next five years. Beyond that time and into perpetuity, free cash flows are expected to grow at a constant rate of 5 percent per year forever. The firm's cost of debt is 8% and its weighted average cost of capital is 15 percent. The firm's market value of debt is $500,000 (NO preferred stock) and they have one-half million shares of stock outstanding. The problem has been laid out below in the same format we used in class to calculate stock valuation. What is the value of ONE SHARE of Demon Cop. stock? (6 points) To Tt Terminal Period oo Ta Ts Ts T& $200,000 $200,000 $200,000 $200,000 $200,000 $210,000 Enterprise Value noltos (Less Debt) Total Stock Value Per Share Value