A company is projected to generate free cash flows of $614 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 2.9% rate in perpetuity. The company's cost of capital is 7.4%. The company owes $193 million to lenders and has $53 million in cash. If it has 196 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.

A company is projected to generate free cash flows of $314 million next year, growing at a 5.9% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.1%. The company's cost of capital is 13.6%. The company owes $161 million to lenders and has $39 million in cash. If it has 107 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.

An annual coupon bond has a coupon rate of 5.2%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 5.2%, what is itsModified Duration? Round to three decimal places.