Assume that you have an opportunity to buy the stock of CoolTech, Inc., an IPO being offered for $3.20 per share. Although you are very much interested in owning the company, you are concerned about whether it is fairly priced. To determine the value of the shares, you have decided to apply the free cash flow valuation model to the firm's financial data that you've accumulated from a variety of data sources. The key values you have compiled are summarized in the following table,

Free Cash Flow

Year (t)	FCF
2020	$690,000
2021	$770,000
2022	$900,000
2023	$1,000,000

Other Data

Growth rate of FCF, beyond 2023 to infinity = 4%

Weighted average cost of capital =12%

Market value of all dbt= $2,150,000

Market Value of preferred stock= $860,000

Number of shares of common stock to be issued = 1,100,000

A. The value of CoolTech's entire company is $. (Round to the nearest dollar.)

A2. The value per share of CoolTech's common stock is (Round to the nearest cent.)

B. On the basis of your finding in part a and the stock's offering price, should you buy the stock?

C. If the growth rate in FCF beyond 2023 will be 5%, the value of CoolTech's entire company will be $ (Round to the nearest dollar.)

C2. The value per share of CoolTech's common stock is $ (Round to the nearest cent.)

On the basis of your finding in part c and the stock's offering price, should you buy the stock?