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You have projected the following free cash flows for a firm you are considering investing in: Year Free Cash Flow 1 $300,000 2 $275,000 3

You have projected the following free cash flows for a firm you are considering investing in: Year Free Cash Flow 1 $300,000 2 $275,000 3 $460,000 4 $580,000 5 $590,000 6 $800,000 7 $750,000 8 $940,000 9 $970,000 10 $1.03 million You then expect the firm's cash flows to grow at a 3% rate per year. The firm currently has 5 million shares outstanding. If you require a 12% return on your investment, what should be the price of a share? demonstrate in excel please

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