5.2. You are interested in Expong stock. You try to calculate intrinsic value of Expong stock using corporate valuation model. Free cash flows(FCF) are expected to be -11, 12.1, 40 million dollars for year1, 2, and 3 and are assumed to grow at a constant rate of 5% after year 3. The other related information is as follows. Cost of equity 8% Long-term debt $61.157 million What is horizon or continuing value of Expong stock? What is the intrinsic value per share of Expong stock? If current stock price of Expong is $55, make decision whether or not you buy the stock. The following information (1) (2) (3) WACC Shares outstanding 10% 10 million