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Hasbro Inc has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows after

Hasbro Inc has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows after year 6 is 2% per year forever. There are 139 million shares outstanding, and investors require a return of 8% on the company's stock and a comparable P/E ratio of 15. Using the constant growth model to find the terminal value, then calculate the company stock price. (Round to 2 decimals)

($ in millions) 1 2 3 4 5 6
Sales 5850 6142 6450 6775 7113 7450
Costs 5000 5250 5512 5780 6069 6370
Taxes 300 315 331 345 362 380
OCF (net income) 550 577 607 650 682 700
Net investment 100 105 110 116 120 126
FCF 450 472 497 534 562 574

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