You are an analyst in a major investment bank and have been assigned the task of determining the share price of Foodmart, a national supermarket chain. The stock beta is 1,286, Rf-3% and Rm-10%. The cost of debt is 6.82%. The tax rate is 34% and the firm is 40% debt financed. (a) Calculate the WACC for Foodmart. (b) The firm's expected cash flow for this year is $70 million. After considerable analysis you have concluded that cash flows will grow at 5% per year until year 5 followed by 396 forever. The firm has $400 million in debt and 54 million shares outstanding Calculate the target price. Show all work.