Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020 after-tax operating income (EDIT1-T will be $470 million and its 2020 depreciation expense will be $70 million Barrington's 2020 gross Capital expenditures are expected to be $110 million and the change in its bet operating working capital for 2020 will be $25 million. The firm's free cash flow is expected to grow at a constant rate of 5.5 annually me that its free cash flow occurs at the end of each year. The firm's weighted average cost of capitals 8,3 the market value of the company's debt is 12.05 billion and the company has 170 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Also, the firm has zero non-operating assets. Using the corporate valuation model, what should be the company's stock price today December 31, 2017 Do not round Intermediate calculations. Round your answer to the nearest cent 5 per share Quantitative Problem 2: Hadley Inc. forecasts the year and free cash flows in miliona) shown below. Year 2 4 5 FCF -$22.93 $43.6 $51.2 $56 The weighted average cost of capital is 96, and the FCs are expected to continue growing at a rate after years the firm has 12 million of market value dent. but it has no preferred stock or any other outstanding claims. There are 18 million shares outstanding. Also the firm has operating What is the value of the stock price today (Year Round your answer to the nearest cent. Do not round intermediate calculations per share According to the valuation models developed in this chapter the value that an investor assigns to a share of stock is dependent on the length of time the investor plans to hold the stock. The statement above is Select Conclusions 1:16 PM