d. TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the following free cash flows were projected FCF (in millions S5.5 $12.1 $23.8 $44.1 S69.0 $88.8 $107.5 $128.9 $147.1 $161.3 Year 7 9 10 After the 10th year, TTC's financial planners anticipate that its free cash flow will grow at a constant rate of 6%. Also, the firm concluded that the new product caused the WACC to fall to 9%. The market value of TTC's debt is $1,200 million, it uses no preferred stock, and there are 20 million shares of common stock outstanding. Use the corporate valuation model approach to value the stock. INPUT DATA: (Dollars in Millions) WACC gn Millions of shares MV of debt 9% 690 20 $1,200