XYZ Company has the following projected sales, costs, net investments, and free cash flows. The anticipated growth rate in free cash flows after year 6 is 4% per year forever. There are 275 shares outstanding and investors require a return of 12% on the company's stock.

1. Using the constant growth model to find the terminal value, calculate the price of the company's stock. Round to 2 decimals

2. Suppose instead that you estimate the terminal value using a PE multiple of 4.5, calculate the price of the company's stock. Round to 2 decimals.

160 Sales Costs 3 204 29 95.76 75 Taxes 228 17.85 67.15 1824 85.5 20.34 76.56 51.3 25.26 224.72 105.34 25.07 94.31 63.21 5 242.7 113.77 27.08 101.85 68.27 33.58 257 26 120.6 28.7 107.96 72.37 35.59 Net Income (OCF) Net Investment FCF 45 85.73 57.46 28.27 22.15 3