Question: I need step by step explanation on how to solve this using a financial calculator: Analysts project the following free cash flows (FCFs) for Ezzell

I need step by step explanation on how to solve this using a financial calculator:

Analysts project the following free cash flows (FCFs) for Ezzell Corporation during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Ezzells WACC is 12%. Ezzell has $100 in debt and 40 shares of stock.

Time	Year 0	Year 1	Year 2	Year 3	Year 4
FCF		-$50	$60	$35	??

What should be the current price of Ezzells stock?

a. $9.22

b. $13.22

c. $11.53

d. $11.22

e. $12.98

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