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Question 68 out of 1 points Franktown Motors is expected to have an EBIT of $2 2 million next year Depreciation , the increase in

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Question 68 out of 1 points Franktown Motors is expected to have an EBIT of $2 2 million next year Depreciation , the increase in net working capital , and capital spending are expected to be $158 000 , $92 000 , and $714 ,000 , respectively All are expected to grow at 15 percent per year for four years . The firm currently has $12 million in debt and 750,000 shares outstanding After year 5 , the adjusted cash flow from assets is expected to grow at 25 percent indefinitely . The company's WACC is 8 7 percent and the tax rate is 34 percent What is the price per share of the company's stock

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