Covan, Inc. is expected to have the flowing from cash flowe. Year 1 2 3 FCF 13 15 16 grow by 5% per year a. Covan has 8 million shares outstanding, 34 million in exces, and no onbt. It cost of capital is 12%, what should its stock rice be? b. Covan reinvest al is FCF. If you plan to sell Coven at the beginning of year to what should you expect is pronto wood debtor chungu la cohholding) c. Assume you bought Covan stook at the beginning of year one. What is your return expected to be from holding Covenstock until the beginning of year two? Coven has 8 milion shares outstanding. 54 million in uxontecath, and no debe a cost of capital is 12%, what should Its Mock rio be? The stock price should be $(Round to the desrestcent) b. Covor converts alts FCF. you plan to al Coven at the beginning of year two, what should you expect its price to be? (Noboit has no plina so add debt or change tu caun haidingai If you plan to vet Coven at the beginning of year two, to price should be $(Round to the nearest cunt) 6. Anume you bought Covun look at the beginning of year one. What is your retum expected to be from holding Covan stock ure the beginning of year ? Your expected retum from holding Cowan stock until the beginning of your two lis (Round to one decimal place) Enter your answer in each of mewer boxes BO 88 90 DHE