Erwin Footwear wishes to asset the value of its Active Show Division. This division has debt a market value of $12, 500,000 and no preferred stock. Its cost of capital is 10%. The Active Shoe Division's estimated free cash flow each year from 2007 through 2010 is given in the following table Beyond 2010 to infinity, the firm expects its free cash flow to grow at 4% annually. Use the free cash flow valuation model to estimate the value of Erwin's entire Active Show Division. ($21, 553, 719) Use your findings from question 23a above along with the data provided in question 23 to fine this division's common stock value. ($9, 052, 300) The Active Shoe Division will have 500,000 shares outstanding, use your findings from question 23b above to calculate its value per share. ($18.10)