8. value 2.00 points Problem 12-24 Adjusted Cash Flow From Assets [LO3] Ward Corp. is expected to have an EBIT of $2,850,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $184,000, 5123,000, and 5134,000 respectively. All are expected to grow at 19 percent per year for four years. The company currently has $22,500,000 in debt and 840,000 shares outstanding After Year 5. the adjusted cash flow from assets is expected to grow at 2.5 percent indefinitely. The company's WACC IS 9.1 percent and the tax rate is 35 percent What is the price per share of the company's stock? (Do not found intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Share price References eBook Resources Worksheet Difficulty 2 Intermediate SECTIOL 2. The Weighted Average cost of capital Learning objective: 12-02 Determines firins costat debt Problem 12-24 Adjusted Cash Flow From Assets [LO3] Type here to search O X 11/10/2010 M BACKSON 1 95 5 6 7 9 8 3 7 L o R E U T G H. F K D ? Danse