1. It is January 1, 2020. Over the previous12 months XYZ Corp has generated nominal free cash flows of $1,000. This free cash flow is expected to grow at an annual rate of 5% forever. XYZ Corp has a 12% WACC and a 25% corporate tax rate. XYZ Corp has $1,125 excess cash; $5,000 debt; $1,500 of preferred stock, and 500 shares of common stock outstanding. Assume cash flows occur on December 31 of each year. what should be the price per share of XYZ Corp stock today?