answer the next three questions: Microtech Corp. does not currently pay dividends. The company will start with a $1.00 dividend at the ab end of year three and grow it by 40% during years 4 and 5. After that, the company should grow at a constant rate of 8 percent per year forever. The required return on the stock is 15%. delete 3. (EXCEL TEMPLATE) What is the current stock price? Use the NPV function. 4. (EXCEL TEMPLATE) What is the expected stock price in years 1-5? Use the NPV function for caps lock years 1-4. 5. (EXCEL TEMPLATE) What dividend yield and capital gains yield should an investor expect to receive at the end of each year (1-5)? enter shift Use the financial statements shown below to answer the next three questions. Free cash flow is expected to be $32 million in 2021 and will grow at 3 percent after that. The weighted average cost of capital is return 8.2 percent. The bonds are currently selling at 98% of par. The preferred stock has a current market value of $5.15 million. Balance Sheet (in millions) E Actual Projected Actual Projected shift 2019 2020 2019 2020 Cash 30.00 10.00 Accounts payable 15.00 30.00 Marketable securities 0.00 5.00 Notes payable 35.00 40.00 Accounts Receivable 160.00 180.00 Accruals 5.00 60.00 Inventory 200.00 270.00 Total current liabilities 105.00 130.00 Total Current Assets 400.00 465.00 Long term bonds 255.00 290.00 Preferred Stock 5.00 5.00 Common stock 130.00 135.00 Retained earnings 260.00 285.00 Net fixed assets 350.00 380.00 Total common equity 390.00 415.00 Total assets 750.00 845.00 Total liabilities & equity 750.00 845.00 Income Statement (in millions) Actual 2019 Projected 2020 Sales 1,435.00 ,500.00 Operating expenses ,231.70 1,320.00 Depreciation 40.00 50.00 Earnings before interest & taxes 33.30 130.00 Interest 35.00 40.00 Earnings before taxes 8.30 90.00 Taxes 9.30 36.00 Net income before preferred dividends 59.00 54.00 Preferred dividends 0.50 0.50 Net Income available for common 58.50 53.50 Common dividends 31.50 28.50 Addition to retained earnings 27.00 25.00 25 Number of shares (in millions) 25 6. What is the free cash flow for 2020? 7. What is the value of operations as of 2019? 8. What is the price per share for 2019