Question: Quantum AI has just successfully completed some R&D work on its powerful AI platform. It is widely believed that the company's next 5 years Free

Quantum AI has just successfully completed some R&D work on its powerful AI platform. It is widely believed that the company's next 5 years Free Cash Flows (FCFs) are going to be 109.90,119.40,120.70,131.40, and 143.8. Thereafter, FCFs are expected to grow at a sustainable 5.40% annual rate. Quantum AI has 100 million in debt, 50 million in preferred stocks, and 100 outstanding shares. The company's WACC is 11.21%. What is the fair value per share of the company's stock?

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