Question: Please help me and make sure the answer is correct. The following table lists the Income statement and Balance sheet for First American Furniture Company

The following table lists the Income statement and Balance sheet for First American Furniture Company You are a financial analyst at RBC. Using the data above, you want to determine the value of First American Bank's stock using the Free Cash Flow to Equity (FCFE) model. You believe that the company's FCFE wili grow at 35% for three years and 12% thereafter. Capital expenditures, depreciation, working capital, and net debt are all expected to increase proportionately with FCFE. The required rate of retum on equity is 15%. You are a financial analyst at RBC. Using the data above, you want to determine the value of First American Bank's stock using the Free Cash Flow to Equity (FCFE) model. You believe that the company's FCFE will grow at 35% for three years and 12% thereafter. Capital expenditures, depreciation, working capital, and net debt are all expected to increase proportionately with FCFE. The required rate of return on equity is 15%. a. Calculate the amount of FCFE per share for the year 2021 . (sample answer: $5.15) b. Calculate Projected 2024 terminal value per share based on constant growth of 12% (sample answer: $25.15 ) c. Calculate the current value of a share of the stock based on the two-stage FCFE model. (sample answer $25.15 )
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