Old Style Corporation produces goods that are very mature in their product life cycles. Old Style Corporation is expected to have per share FCFE in year 1 of $1.00, per share FCFE of $0.90 in year 2 , and per share FCFE of $0.85 in year 3 . After year 3 , per share FCFE is expected to decline at a rate of 2% per year. An appropriate required rate of return for the stock is 8%. The stock should be worth today. $10.57 $127.63 $22.22 $8.98 $20.00