please show work. NO excel

1. ( 20 pts) A company's free cash flow (FCF) is expected to be $10 million next year, $20 million in the second year, and $30 million in the third year The FCF is expected to increase at the rate of 4% thereaften The WACC for the company is 10%. The company's balance sheet shows \$20 million in short-term investments that are unrelated to operations. The balance sheet also shows $50 million in accounts payable, $90 million in notes payable, $30 million in long-term debt, $40 million in preferred stock, and $100 million in total common equity. If the company has 10 million shares of stock, what is your best estimate for the stock price per share? (\$29.88)