You want to estimate the value per share of a corporation using a DCF approach and the following data: Debt: $50 million; Cash: $40 million; Shares Outstanding: 30 million; the year 1 FCF is expected to be $10 million and it is expected to grow at the rate of 10% until year 3 (so two years of 10% growth) and then to decrease at a rate of 5% for two more years and grow at 3% after year 5. If the discount rate is 9%, what is the price per share today?

	4.83
	5.16
	5.48
	6.23
	None of the above

Suppose you have multiple loans outstanding and you are deciding which to pay off first. To save money you should first pay the loan with the:

	the highest annual percentage rate
	the lowest effective annual rate
	the lowest number of compounding periods per year
	the highest effective annual rate
	None of the above