show your work.

3. Abbey Naylor, CFA, has been directed to determine the value of Sundanci's stock using the Free Cash Flow to Equity (FCFE) model. Naylor believes that Sundanci's FCFE will grow at 27% for two years and 13% thereafter. Capital expenditures, depreciation, and working capital are all expected to increase proportionately with FCFE. a. Calculate the amount of FCFE per share for the year 2018, using the data from Table 184 Sundanci actual 2017 and 2018 financial statements for fiscal years ending May 31 is million, except per-share data)