Assume that today is Dec 31,2012. Managers at Nabor have decided to make their own estimate of the firms current stock value, The firms CFO has gathered data for performing the valusation using the free cash flow valuation model.

The firms weighted average cost of capital is 12% and it has $2,420,000 of debt at market value and $480,000 of preferred stock at its assumed market value. The estimated free cash flows over the next 5 years 2013 thru 2017 are:

Year (t)	Free Cash Flow (FCF)
2013	$210,000
2014	$250,000
2015	$300,000
2016	$340,000
2017	$380,000

Beyond 2017 to infinity the firm expects its free cash flow to grow by 6% annually.

a. Estimate the value of Nabor Industries' entire company by using the free cash flow valuation model.

b. Use your finding in part a, along with the data provided above, to find Nabor Industries' common stock value

c. If the number of shares of common stock outstanding is 200,000 what is the estimated value per share?