QUESTION 19 Lockean Co. has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows after year 6 is 3% per year forever. There are 10 million shares outstanding and investors require a return of 7% on the company's stock. Using the constant growth model to find the terminal value, then calculate the price of the company's stock. (Round to 2 decimals) 4 6 ($ in millions) Sales Costs Taxes OCF Net Investment 1 220 143 28 49 20 2 242 157 31 54 22 3 266 172 34 60 24 292 190 38 64 26 5 321 209 41 71 29 353 229 45 79 29 FCF 29 32 36 38 42 50