Lawrence McKibben is preparing a valuation of QuickChange Auto Centers, Inc. McKibben has decided to use a three-stage FCFE valuation model and the following estimates. The FCFE per share for the current year is $0.75. The FCFE is expected to grow at 10 percent for next year, then at 26 percent annually for the following three years, and then at 6 percent in Year 5 and thereafter. QuickChange's estimated beta is 2.00, and McKibben believes that current market conditions dictate a 4.5 percent risk-free rate of return and a 5.0 percent equity risk premium. Given McKibben's assumptions and ap-proach.

1) calculate cost of equity for Quick change auto center

2) what is FCFE for the first year

3)what is FCFE for the 4th year

4) what is the terminal value for the end of 4th year

5) what is the cost of the current stock ?