Charles Jones is evaluating Reliant Home Furnishings by using a three-stage growth model. He has accumulated the following information:

Current FCFF $745 million

Outstanding shares 309.39 million

Cost of capital is 8.93%

Market value of debt $1,518 million

Growth rate of FCFF:

8.8% annually in stage 1, years 14

7.4% in year 5, 6.0% in year 6, 4.6% in year 7

3.2% in year 8 and thereafter

1. What is the total value of the firm?

2. What is the total value of equity?

3. What is the value per share?