Our company projects the following FCFs for the next 3 years: $5,000,000; $5,500,000; $6,000,000. Future growth is expected to slow to 5% beyond year 3. If the WACC is 8%, what is the value of the company today?

A stock is currently not paying dividends. Three years from now, it is expected to start paying a quarterly dividend of $0.10 per share, with growth of 5% per year thereafter. If investors require a 10% annual return, what should the stocks price be currently?