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Abby Naylor, CFA, has been directed to determine the value of Sundanci's stock using free cash flow to equity (FCFE) model. Financial statements of Sundanci

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Abby Naylor, CFA, has been directed to determine the value of Sundanci's stock using free cash flow to equity (FCFE) model. Financial statements of Sundanci appear below 489 Total assets 675 815 Current liabilities 57 141 Long-term debt 0 0 Total liabilities 57 141 Shareholders' equity Naylor believes that Sundancl's FCFE will grow at 27% for the next two years and 13% thereafter. Capital expenditures, depreciation, and working capital are all expected to increase proportionately with FCFE. The firm's required rate of return on equity is 14%. Calculate the amount of FCFE per share for the year 2013 ((Do not round intermediate calculations. Enter your answer to 3 decimal places.) FCFE $ Calculate the current value of a share of Sundanci's stock based on the 2-stage FCFE model (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock value $

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