Coven, Inc. is expected to have the following free cash flow. ... Year FCF 1 12 2 14 3 15 4 16 Grow by 3% per year 7 1 n a. Covan has 8 million shares outstanding. $2 milion in excess cash and it has no debt. If its cost of capital is 10%, 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 Coven 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? 2. Covan hon 5 million shares outstanding, $2 million in excess cash, and it has no debt. If its cost of capital is 10%, what should be its stock price? The stock price should be $ (Round to the nearest cent) b. Cavan adds its FCF to cash, and has no plans to add debt. If you plan to sell Covar at the beginning of year 2, what is its expected price? you plan to cell Covar at the beginning of year 2, in price should be $(Round to the nearest cont) c. Annume you bought Covan stock at the beginning of your 1. What is your expected return from holding Covan stock until your 2? Your expected return from holding Covan stock until the beginning of year 21- (Round to one decimal place.) 1 m 1 mm 21 m