Autolume Corporation CAutotune) is a major manufacturer of engine and trammision parts for cars and trucks it sold common stock to the public for the years ago and this year its dividends per share is expected to reach $2.56 as estimated by essentially all equity analysts foowing this company. The company announced it expects to grow its earnings per share by 8% per year on average Madison believes an appropriate rate of retum for this stock is 14% and the Investhe company will grow its dividends per share by 7% each year for the foreseeable future. Trent believes an appropriate dividend growth rate per year for the fute is 6, and he estimates Autolune's stock price to be worth $34.25. Madison and Trent use the Gordon Dividend Growth Model among other models to estimate stock prices. For the following compute all answers to 6 decimal places Rachel is a portfolio manager for an equity fund and has used a Free Cash Flow corporate valuation model to estimate the price of one share of stock for Autofune. Rachel expects Autofune's Free Cash Flow to be $22.50 million over the next twelve months, expects the company's weighted average cost of capital to average 13.20 and expects average annual growth for Free Cash Flow to be 3.00% Total debt outstanding for Autotune is currently $105 million, and there are 3.5 million shares of common stock outstanding (and this is not expected to change). What is Rachefs estimate for the price of one share of stock of Autune C 341.47 OSH.65 $33.09 $39.49