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NeuSci, Inc., a biotech firm has forecast the following cash flows for the next three years: $3.60, $4.25, and S4.90. The company then expects cash
NeuSci, Inc., a biotech firm has forecast the following cash flows for the next three years: $3.60, $4.25, and S4.90. The company then expects cash flows to grow at a constant rate of 6 percent for forever. If the required rate of return is 20 percent, what is the market value of this stock? (Do not round intermediate calculations. Round final answer to two decimal places.)
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