Covan, Inc is expected to have the following free cash flow a. Covan has 8 milion shares outstanding. $3 million in excess cash, and at has no debt If its cost of canital is 13%, what should be its stock price? b. Covan adds its FCF to cash, and has no plans to add debt if you plan to sell Covan at the beginning of year 2, what is its expected price? c. Assume you bought Covan stock at the beginning of year 1 . What is your expected return from holding Covan stock untl year 2 ? a. Covan has 8 million shares outstanding. 53 million in excess cash, and it has no dobt if its cost at capeal is 13%, What should be its stock price? The stock price should bes (Round to the nearest cont)