1.Here are the projections for Beech Corporation for the coming year (year 1): EBIT = $20 mm; depreciation expense = $4 mm; capex = $2 mm; increase in net working capital = $1 mm. Tax rate is 20%. FCFs are expected to growth at a steady rate of 3% and cost of capital is 12%. What should be its enterprise value today?

2.Woodman Corporation will pay its shareholders $3 dividends per share next year (year 1). The dividends are expected to grow at 4% every year. The required rate of return on equity is 10%. What should be the fundamental value of its stock price (per share) today?

3.Bennoch Corporation is expected to pay $2 dividends per share next year (year 1) to its shareholders. Its required rate of return on equity is 10%. Dividends are expected to grow at 5% per year for year 2 through year 3, and then slow down to a steady long-term growth rate of 2% for year 4 and beyond. What is the fair value of its stock price today?