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Benedicta Corp. is an early-stage firm that does not pay any dividends and has no plans to pay dividends in the near future. As an

Benedicta Corp. is an early-stage firm that does not pay any dividends and has no plans to pay dividends in the near future. As an analyst, you have been charged with assessing the value of Benedicta Corp. common stock using a corporate valuation technique based on free cash flows. You have developed the following projections of key information for the next five years: In determining the companys free cash flows over the next five years, you will also assume a corporate tax rate of 25%. After 2028, future free cash flows are expected to grow at a constant rate of 4.0%. Benedicta Corp. currently has a WACC of 11.0%, debt outstanding of $355,000 and preferred stock outstanding with a market

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