b. Jasper Company has 1,000 shares of common stock outstanding. Under the assumption that FCFs will grow by 2 percent into the foreseeable future, compute an estimate of the price per share based on FCFs if investors require a 9 percent return. JASPER COMPANY Balance Sheets as of December 31, 2022 and 2021 Assets 2022 2021 Cash $ 405 $310 Accounts receivable 3.055 2,640 Inventory 3,850 3,275 Property, plant, and equipment (net) 10,670 10,960 Total $17,980 $17,185 Liabilities and Stockholders Equity 2022 2021 Accounts payable $ 2,570 $ 2,720 Current portion of long-term debt payable 0 100 Long-term debt 8,100 7,875 Common stock 5,250 5,000 Retained earnings 2,060 1,490 Total $17,980 $17,185 JASPER COMPANY 2022 Income Statement Sales $9,610 Cost of goods sold 6,310 Gross profit 3,300 Depreciation expense 1,370 Earnings before interest and taxes 1,930 Interest expense 630 Earnings before taxes 1,300 Income tax expense 455 Net income $845