Bonus: Minnick Enterprises tently paid a dividend. Do 2.00 It expects to have no constant wth of 20 percent for 2 years followed by a cante of 7 percent thereafter The timequired team is 15 percent. What is the kindlasti 3.6 57 592 5600 Bonus: Ivy Enterprises invests a lot of money in R&D, and as a result it retains and reinvests all of its earnings instead of paying dividends. A pension and manager is interested in purchasing Ivy's stock and has estimated its free cash flows for the next 3 years as follows: 52 million, 55 million, and Sil million After the 3rd year, FCF is projected to grow at a constant 5 percent. Ivy WACC is 7 percent, its debt and preferred stock total 170 million and it has million shares of common stock outstanding What is the value of Ivy s stock price? a $81.10 6.552.77 CS47.63 0.575.96 598.79