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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: 725 Fixed Costs: 100 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: 725 Fixed Costs: 100 Variable costs: 300 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: 0.08 After year 5: 0.06 Market value: Non-operating short-term assets: 50 Non-operating long-term assets: 80 Market value: U ILUMICAL RESOURCES. LSUS RESOURCES Market value Non-operating short-term assets: 50 Non-operating long-term assets: 80 Market value Short-term debt: 0 Long-term debt: 700 Preferred Stock: Market price per share: 7 Number of shares: 10 Common Stock Market price per share: 15 Number of shares: 100 Select one: a. $14.22 b. $10.38 c. $21.97 d. $18.54 e. $7.54

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