Question: 11 words 7 pts > Question 17 You are an analyst in a major investment bank and have been assigned the task of determining the

11 words 7 pts > Question 17 You are an analyst in a major investment bank and have been assigned the task of determining the share price of Foodmart, The cost of equity is 11%. The cost of debt is 6%. The tax rate is 21% and the form is 45% debt financed. Calculate the WACC for Foodmart. The firm's expected cash flow for this year is $40 million. After considerable analysis you have concluded that cash flows will grow at 2.9% per year forever. The firm has $200 million in debt and 38 million shares outstanding. Calculate the target price. Show all work. Edit View Insert Format Tools Table 12pt Paragraph BI U AL Tv

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