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According to the value-based management model, what is the stock price per share given the following data? Year 1: Revenue: 930 Fixed Costs: 90 Variable

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According to the value-based management model, what is the stock price per share given the following data? Year 1: Revenue: 930 Fixed Costs: 90 Variable costs: 280 Additional investments in NWC: 3 Additional investments in operating long-term assets: 80 Depreciation: 75 Corporate tax rate: 0.40 WACCCOMP: 0.15 Growth rate per year. From year 1 through year 5: 0.10 After year 5: 0.05 Market value: Non-operating short-term assets: 50 Non-operating long-term assets: 100 Market value: Short-term debt: 50 Long-term debt: 700 Common Stock: Market price per share: 15 Number of shares: 100 Select one: O a. $29.90 O b. $26.91 O c. $35.54 O d. $32.22

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