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Suppose ABC Inc will have cash flows from assets (CFFA) next year of $40 million. The discount rate is 15%, and its CFFA is expected

Suppose ABC Inc will have cash flows from assets (CFFA) next year of $40 million. The discount rate is 15%, and its CFFA is expected to grow at 7% per year forever. ABC Inc has 10 million shares outstanding, $50 million in debt, and $40 million in cash. (1) What is the enterprise value of ABC Inc? (10 points) (2) What is the price per share for ABC Ine's stock? (6 points)

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