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Mira Inc. Has never paid a dividend. Its current free cash flow of $ 5 0 0 , 0 0 0 is expected to grow

Mira Inc. Has never paid a dividend. Its current free cash flow of $500,000 is expected to grow at a constant rate of 5%. The weighted average cost of capital is WACC=12%. Suppose EMC has $1 million in marketable securities, $2 million in debt, $0.5 million in preferred stock, and 100,000 shares of stock. What is the intrinsic price of EMC stock per share?

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