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Labrador technologies Inc. plans to become public soon. The current owners would like to know the value of each share of common equity so they

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Labrador technologies Inc. plans to become public soon. The current owners would like to know the value of each share of common equity so they price their shares correctly for potential investors. The WACC for this firm is 11.53% and there are 56,145 common shares outstanding. The firm has outstanding debt with a market value of $1,917,845 and has no preferred equity. For this example assume the current assets are zero. Use the DCF valuation model based on the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.5% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock

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