Nabor Industries is considering going public but is unsure of a fair offering for the company. Before hiring an investment banker to assist in making the public offering, managers at Nabor have decided to make their own estimate of the firm's common stock value. The firm's CEO has gathered data for performing the valuation using the free cash flow valuation model. The firm's weighted average cost of capital is 11%, and it has $1500000 of debt at market value and $400000 of preferred stock at its assumed market value. The estimated free cash flows over the next 5 years, 2013 through 2017, are given below. Beyond 2017 to infinity, the firm expects its free cash flow to grow by 3% annually.

Year (t) 2013 . 2014 . 2015 . 2016 . 2017

Free cash flow (FCF_t) . $200000 . $250000 . $310000 . $350000 . $390000

a. Estimate the value of Nabor Industries' entire company by using free cash flow valuation model.

b. Use your finding in part a, along with the data provided above, to find Nabor Industries' common stock value.

c. If the firm plans to issue 200000 shares of common stock, what is its estimated value per share?