Parets Company has a free cash flow to firm (FCFF) of $600 this year. This is expected to grow at a

constant rate of 10% per year for two years. After year 2, the FCFF is expected to grow at the rate of

2% per year, forever. An appropriate required return for this company is 15%. The level of debt

outstanding is $3000. The number of shares outstanding is 200. Estimate the equity value per share

today.