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Panda Industries Inc. has a WACC of 6 . 3 8 % and 8 9 , 8 0 9 common shares outstanding. The firm has

Panda Industries Inc. has a WACC of 6.38% and 89,809 common shares outstanding. The firm has $1,389,819 in preferred equity and outstanding debt of $1,163,157. 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 2.4% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock?
\table[[Period,Free Cash Flow],[Year 1,$909,338
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