Covan, Inc. is expected to have the following free cash flow: a. Covan has 7 million shares outstanding, $3 million in excess cash, and it has no debt. If its cost of capital is 11%, what should be its stock 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 until year 2 ? Data table what should be its stock price? (Click on the following icon in order to copy its contents into a spreadsheet.)