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6. (14 points) You have been assigned the task of using the corporate valuation, or free cash flow, model to estimate Petry Corporation's intrinsic value.

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6. (14 points) You have been assigned the task of using the corporate valuation, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow is expected to be $70.0 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future, the company has $150 million of long-term debt and $50 million of preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated price per share of common stock today

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