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Panda Industries Inc. has a WACC of 8 . 8 5 % and 9 2 , 0 6 5 common shares outstanding. The firm has

Panda Industries Inc. has a WACC of 8.85% and 92,065 common shares outstanding. The firm has outstanding debt with a market value of $2,227,067 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 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,$1,141,862
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