blueprint problems

Quantitative Problem 1: Assume today is. December 31; 2019. Barrington Industries expects that its 2020 after-tax operating incorne [EBIT(1 - T)] wil be $430 million and its 2020 depreciation expense will be $70 million. Barrington's 2020 oross capital expenditures are expected to be $110 million and the change in its net operating working capital for 2020 will be $20 million. The firm's free cash flow is expected to grow at a constant rate of 6.5% annsally. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is 8.4\%; the market value of the company's debt is 52.85 billon: and the company has 190 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use is for future capital budgetino projects. Also, the firm has zero non-operating assets. Using the corporate valuation model, what should be the company's stock. price today (December 3 , 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. 13 per share