Problem 8-08 A company had $19 of sales per share for the year that just ended. You expect the company to grow the sales at 6 percent for the best five years. After that you expect the company to grow 3 percent in perpetuity. The company has a 10 percent Roe and you expect that to contine forever. The company's net margar 5 percent and the cost or equity percent. Use the free cash flow to equity model to value the stock. De not round intermediate calculation Round your answer to the rest cent Problem 8-08 A company had $19 of sales per share for the year that just ended. You expect the company to grow the sales at 6 percent for the best five years. After that you expect the company to grow 3 percent in perpetuity. The company has a 10 percent Roe and you expect that to contine forever. The company's net margar 5 percent and the cost or equity percent. Use the free cash flow to equity model to value the stock. De not round intermediate calculation Round your answer to the rest cent