Flagstaff Enterprises expected to have free cash flow in the coming year of $8 million, and this free cash flow is expected to grow at a rate of 3% per year thereafter. Flagstaff has an equity cost of capital of 13%, a debt cost of capital of 7%, and it has a 35% corporate tax rate. 29) If Flagstaff currently maintains a .5 debt to equity ratio, then the present value of Flagstaff's total interest tax shield is: 30) Taggart Transcontinental has announced a $2 dividend. If Taggart's last price cum-dividend is $45, then, assuming perfect capital markets, what should its first ex-dividend price be