Brooks Enterprises has never paid a dividend. Free cash flow is projected to be $$80,000,$$$90,000$ and $$100,000$ for the next $3$ years, respectively, and after the third year it is expected to grow at a constant rate of $5$ percent. The company's WACC is $12\%.$ What is the value of operation?

$$1,282,024$

Using the corporate valuation model, the value of a company's operations is $$850$ million. The company's balance sheet shows $$50$ million in short$-$term investments that are unrelated to operations. The balance sheet also shows $$50$ million in accounts payable, $$100$ million in notes payable, $$200$ million in long$-$term debt, $$40$ million in common stock $($par plus paid$-$in$-$capital$),$ and $$160$ million in retained earnings. The company has $10$ million shares outstanding. What is your best estimate for the stock price?

$$60$