QUESTION 5 Hodge Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6.5 percent per year indefinitely. Hodge has no debt or preferred stock, and its weighted-average cost of capital is 11 percent. If Hodge has 40 million shares of stock outstanding, what is the stock's value per share? a. 586.33 b. 577.78 c. $31.11 O d. 573.03 e. 582.83 QUESTION 6 Joe's Fisheries has perpetual preferred stock outstanding that sells for $59 a share and pays a dividend of $4.84 at the end of each year. What is the expected rate of return? a. 5.7% b. 8.9% O c.8.2% d. 7.6% e. 12.2%