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A firm has the following expected cash flows: 10, 15, 20. After year 3, cash flows will grow by 5% and the WACC is 7%.

A firm has the following expected cash flows: 10, 15, 20. After year 3, cash flows will grow by 5% and the WACC is 7%. If nonoperating assets are 8 million, the market value of debt and preferred stock is 30 million, and there are 20 million shares outstanding, what is the stock price of this firm?

(Please do a formula and or an Equation First, than you can do a cover cover sheet or graph second)

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