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Covan, inc, is expectod to have the folowing free cash fow a. Covan has 8 milion shares outstanding, $3 milion in excoss cash, and it has no dobt. If its cost of capital is 11%, what should be its stock price? b. Covan adds its FCF to cash, and has no plans to add debt. If you plan to sell Covan at the beginning of year 2 , what is its expected price? e. Assume you bought Covan stock at the beginning of yoar 1 . What is your expected roturn from holding Covan stock unti year 2 ? a. Covan has 8 milion shares.outstanding. $3 million in excess cash. and it has no debt. If its cost of capital is 11%, what should bo its stock price? The stock price should be s (Round to the nearest cent.) Data table (Click on the following icon \&. in order to copy its contents into a spreacaheet.)