The cashflow from year 1 to year 5 are estimated as shown in the left. From year 6, the company generates free cashflow at a constant growth rate, 5%. Suppose the cost of equity is 10%, the cost of debt is 5%, and the tax rate is 30%. The debt to equity ratio is 1. The total number of shares outstanding is 500 million shares. The company has no cash in its bank account. What is the stock price per share based on given information, using free cashflow model?

2. FCF Model	(in million)
Year 0	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6
	1	2	3	4	5	6
	5	6	7	8	10
Discount rate	6.7500%	6.7500%	6.7500%	6.7500%	6.7500%

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This is whole data