. Selected financial information: . Revenue is expected to be $7.0 million next year (2020) and grow 25% in 2021, 20% in 2022, 15% each year for the last two years. . Variable cost is expected to be 25% of revenue each year. Fixed cost (excluding depreciation) is expected to be $2.0 million each year. Depreciation expense is expected to be $200,000 each year. Maintenance capex is expected to be $50,000 in 2020, growing at the same rate as revenue, each year. . There is no change in networking capital . There is $500,000 of excess cash. Taxes are projected to be 20%. This company willhopefully, continue forever. Assume the long-term perpetual growth rate is 4.0%. . Beta is estimated at 1.8, tre asuries yields are 2.0% and the expected return on the market is 11%. . Capitalization table based on the last round of private funding: ($ in milions, except per share data) Rate Pmts/yr Price per Book Value Share 4,300,000 $ 1,010 36,000,000 $ 20.00 Units Outstanding 3,300 700,000 Term (yrs) 7 Debt 8.2% $ $ Common stock 1. (40 points) Connecting analyzed the company based on a discounted cash flow analysis. Based on the information above (selected financial information and capitalization table), what would be Connecting's implied stock price