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Nico Corporation expects to generate Iren cash flows of $200,000 per year for the next five years, Beyond that time, tree cash flows are expected

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Nico Corporation expects to generate Iren cash flows of $200,000 per year for the next five years, Beyond that time, tree cash flows are expected to grow at a constant rate of ft percent per year toreyer. II the firm's averagi- cort of capital is 15 percent, the market value of the tirm's debt is $500,000, and Nico has a half million shares of stock outstanding, what is the value ot Nico's stock

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