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Texas instruments had an EPS of $3.20 in 2018 and paid dividend of $3.52 per share. They reported depreciation of $315 million, and CAPEX of

Texas instruments had an EPS of $3.20 in 2018 and paid dividend of $3.52 per share. They reported depreciation of $315 million, and CAPEX of $475 million. They had 160 million shares of outstanding valued at $51 per share. Texas instruments had $1.6 billion in debt and will keep the same debt and equity structure. Earnings will grow 7% a year and the stock's beta is 1.1. The risk-free rate is 6.25%. What is the value per share using the dividend discount model and the value per share using the free cash flow model?

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