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Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13.0%, and the FCFFs are expected to

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Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13.0%, and the FCFFs are expected to continue growing at a 9.0% rate after Year 3. The firm has bonds valued at $33million and Preferred stock worth $15million in its capital. The total number of shares outstanding is 500,000 stocks. What is the value of each stock using the Corporate Valuation method? (45 points) Year 2 3 $15.0 $18.0 $32.0 FCFF

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