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Panda Industries Inc. has a WACC of 6 . 3 9 % and 6 7 , 4 7 3 common shares outstanding. The firm has

Panda Industries Inc. has a WACC of 6.39% and 67,473 common shares outstanding. The firm has outstanding debt with a market value of $1,610,006 and does not have any preferred equity. Use the DCF valuation model based on the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.9% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock?
Period Free Cash Flow
Year 1 $1,027,117
Year 2 $1,029,937
Year 3 $1,884,080
Year 4 $2,769,471
Year 5 $3,451,073

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