Question 29 1 pts Using the free cash flow valuation method, what should be the company's stock price today (Time 0) Cost of equity is 12 percent. WACC is 9 percent. The current market value of the company's debt is $695 million. The company currently has 125 million shares of stock outstanding. After-tax, operating income (EBIT(1 - T)] for the year 1 is expected to be $300 million. Depreciation expense for year 1 is expected to be $70 million. Capital expenditures for year 1 are expected to be $140 million. No change is expected in the company's net operating working capital. The company's free cash flow is expected to grow at a constant rate of 4 percent per year