Itab Shop Concept AB is expected to generate the following free cash flows over the next five years:

Year	1	2	3	4	5
FCF ($ million)	53	68	78	75	82

After year 5, the free cash flows are expected to grow at the industry average of 3.0% per year. Using the discounted free cash flow model and assuming a cost of capital of 9.5%,

a. Estimate the enterprise value of Itab Shop Concept.

Itab's enterprise value is $ million. (round to the nearest million).

b. If Itab Shop Concept has no excess cash, debt of $300 million, and 40 million shares outstanding, estimate Itab's share price.

Itab's equity value is $ million. (round to the nearest million)

Itab's stock price is $. (in dollar, round to two decimals)