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Panda Industries Inc. has $1,769,541 in preferred equity and its outstanding debt has a value of $2,810,641. The firm's WACC is 6.9%. Use the DCF

image text in transcribed Panda Industries Inc. has $1,769,541 in preferred equity and its outstanding debt has a value of $2,810,641. The firm's WACC is 6.9\%. Use the DCF valuation model with the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.6\% rate after Year 5. Rounding to the nearest penny, what is the value of common equity

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