Barret Industries invests a large sum of money in R%D; as a result, it retains and reinvests all of its earnings. In other words, Barret does not pay any dividends and it has no plan to pay dividends in the near future. Analysts project Barrets free cash flows for the next 4 years as follows: 3 million, 6 million, 10 million, and 15 million. After the fourth year, free cash flow is projected to grow at a constant 7%. barrets WACC is 12% its debt and preferred stock total 60 million and its gas 10 million shares of common stock outstanding.

What is an estimate of Barrets price per share for its common stock at the end of the fourth year?

What is an estimate of Barrets current price per share for its common stock?