We wee s op hele v second problem, we assume that the on model in the staroblem we assume has ad of constant growth Quantitative Problem 11 Assume today December 31, 2019. Maington Industries expects that its 2020 after the operating income (EBIT(1-T will be $400 million and its 2020 depreciation expense will be 350 milion Barrington's 2020 on expenditures are expected to be $120 milion and the change in its operating working capital for 2020 will be $30 million. The firm's free cash flow is expected to grow at a constant rate of 5. annually. Assume that free cash flow ours at the end of each year. The firm's weighted average cost of cap . the market value of the company's debts $2.65 bilion, and the company has 190 milion shares of common stock outstanding. The form has no preferred stock on ts balance sheet and has no plans to use for future cap i ng projects. Also, the has zero - rating assets. Using the corporate Valuation model, what should be the company's stock price today (December 31, 2019) Do not round intermediate calculations. Round your answer to the nearest cent. $ per share Quantitative Problem i Hadley Inc. forecasts the year and free cash flows (in milions) shown below FOF $22.75 $37. 7 6 4 351.1 51 ss Tips weater years. The firm has $26 milion of market det, but it has no haso n-operating assets. What is the value of the stock price today The weighted average cost of capitalism and the FFs are expected to continue growing a preferred stock or any other outstanding ciams. There are 20 was deng t h (Year Round your answer to the nearest cent. Do not undermediate calculations pers According to the valuation models developed in this chapter, the value that an investor assigns to stock trial of IMITED share of stock is dependent on the length of time the investor plans to hold the The statement avec Conclusions in model when valuing mature, dividend paying firms, and they generally use the corporate model when