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Please answer both parts to the problem, and show your work. 14- A company is expected to have free cash flow of $400,000 next year.

Please answer both parts to the problem, and show your work.

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14- A company is expected to have free cash flow of $400,000 next year. Cash flows are expected to grow at 11% per year for the next four years (years 2-5). After year 5, the free cash flow is projected to grow at 2% indefinitely. The firm currently has $1 million in debt, 200,000 shares outstanding, and a WACC of 9.5%. What is the value of the firm? ($7,123,117) What is the price per share of the company's stock? ($30.62)

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