Question: Question 20 (4 points) You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $5.90

Question 20 (4 points) You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $5.90 million last year. You project that free cash flow will grow at a rate of 8.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $10.20 million. The firm has 1.79 million shares of common stock outstanding. If the firm's cost of capital is 23.0%, what is the most you should pay per share for the stock now? $18.03 $23.73 $42.48 $32.28 O $46.41

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