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Wilbur and Orville are brothers. They're both serious investors, but they have different approaches to valuing stocks. Wibur, the older brother, likes to use the

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Wilbur and Orville are brothers. They're both serious investors, but they have different approaches to valuing stocks. Wibur, the older brother, likes to use the dividend valuation model. Orville prefers the free cash flow to equity valuation model. As it tums out, fight now, both of them are looking at the same stock- Wright First Aerodynmacs, Inc. (WFA). The company has been listed on the NYSE for over 50 years and is widety regarded as a mature, rock-scild, dividend-paying stock. The brothers have gathered the following information about WFA's stock: Current dividend (D0)=$3,30 ishare Current free cash flow (FCF0)=$1.0 million Expecled growth rale of dividends and cash flows (g)=8% Required rate of return (n)=11% Shares outstanding =350,000 shares How would Wibur and Orvilie each value this stock? The stock price from Wilbur's valuation is $ (Round to the nearest cent.)

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