Q2 Covan, Inc is expected to have the following free cash flow a Covan has 8 million shares outstanding, $3 million in excess cash, and it has no debt If its cost of capital is 13 , what should be its stock price b Covan adds its FCF to cash, and has no plans to add debt If you plan to sell Covan at the beginning of year 2 , what is its expected price c Assume you bought Covan stock at the beginning of year 1 What is your expected return from holding Covan stock until year 2 a Covan has 8 million shares outstanding, $3 million in excess cash, and it has no debt If its cost of capital is 13 , what should be its stock price The stock price should be $ (Round to the nearest cent ) b Covan adds its FCF to cash, and has no plans to add debt If you plan to sell Covan at the beginning of year 2 , what is its expected price If you plan to sell Covan at the beginning of year 2, its price should be 9 (Round to the nearest cent ) c Assume you bought Covan stock at the beginning of year 1 What is your expected return from holding Covan stock until year 2 Your expected return from holding Covan stock until the beginning of year 2 is (Round to one decimal place ) Data table

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Q2 Covan, Inc  is expected to have the following free cash flow  a  Covan has 8 million shares outstanding, $3 million in excess cash, and it has no debt  If its cost of capital is 13 , what should be its stock price  b  Covan adds its FCF to cash, and has no plans to add debt  If you plan to sell Covan at the beginning of year 2 , what is its expected price  c  Assume you bought Covan stock at the beginning of year 1   What is your expected return from holding Covan stock until year 2   a  Covan has 8 million shares outstanding, $3 million in excess cash, and it has no debt  If its cost of capital is 13 , what should be its stock price  The stock price should be $ (Round to the nearest cent ) b  Covan adds its FCF to cash, and has no plans to add debt  If you plan to sell Covan at the beginning of year 2 , what is its expected price  If you plan to sell Covan at the beginning of year 2, its price should be 9 (Round to the nearest cent ) c  Assume you bought Covan stock at the beginning of year 1   What is your expected return from holding Covan stock until year 2   Your expected return from holding Covan stock until the beginning of year 2 is    (Round to one decimal place ) Data table

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Q2 Covan, Inc. is expected to have the following free cash flow: a. Covan has 8 million shares outstanding, $3 million in excess cash, and

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