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use excel formulas Derry Corp. is expected to have an E8IT of $2.1 million next year, Increases in depreciation, the increase in net working capital,

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Derry Corp. is expected to have an E8IT of \$2.1 million next year, Increases in depreciation, the increase in net working capital, and capital spending are expected to be $165,000,$80,000, and $120,000, respectively. All are expected to grow at 18 percent per year for four years. 2 The company currently has $10.4 million in debt and 750,000 shares outstanding. After Year 5 , the adjusted cash flow from assets is expected to grow at 3 percent indefinitely. The company's WACC is 8.5 percent and the tax rate i. Office Online Frame is the price per share of the company's stock? Otfice Online Frame (Use cells A6 to 819 from the given information to complete this question. You must use the built-in Excel function to answer this question.) 19 Tax rate 21% (Use cells A6 to B19 from the given information to complete this question. You must use the built-in Excel function to answer this question.) Output Area

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