what range shoulf Van Delay's Share Price Be?

Q18. At the end of year 0, you are planning to acquire Van DeLay Industries, a small Manhattan-based firm that specializes in fine rubber products. At year 0, Van DeLay's FCF is $3,600. Van DeLay also faces an effective tax rate of 40%. Your analysis of the firm and the industry leads to the following projection: - The firm's FCF will grow at a real rate of 20% in Year 1, 15% in Year 2, and 10% in Year 3. After this period, the FCF will grow at a constant real rate of 6% per year, forever. - Cash flows are assumed to be spread out evenly over the course of the year. - The nominal cost of capital for the firm is 19.6%. You expect the annual inflation to be a constant 4% in the future. - The firm's debt is valued at $10,000. It has 1000 equity shares outstanding. Ignore the FCF in year 0 in your NPV calculation given that it occurred before the end of the year. What range should Van Delay's share price be