Q13. Xavier Corp. is expected to generate free cash flow from operations of $4 million in the coming year (year 1), and $6 million in the following year (year 2). Free cash flow is expected to grow at a constant rate of 5% after the 2 year. If Xavier's cost of capital is 14%, what is the present value of Xavier's operations? Q14. ZipCo has free cash flow (FCF) for the year just ended of $25 million, which is expected to grow at a 6% constant rate in the future. Marketable securities are $15 million, notes payable are $55 million, long-term debt is $40 million, and the firm has 10 million shares of stock outstanding. If ZipCo's cost of capital is 15%, what is the estimated value of its stock per share