A firm has the following expected cash flows: -20, 40, 60. After year 3, cash flows will grow by 4% and the WACC is 8.5%

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answerhappygod
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A firm has the following expected cash flows: -20, 40, 60. After year 3, cash flows will grow by 4% and the WACC is 8.5%

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A firm has the following expected cash flows: -20, 40, 60. After
year 3, cash flows will
grow by 4% and the WACC is 8.5%. If nonoperating assets are 20
million, the market
value of debt and preferred stock is 80 million, and there are 18
million shares
outstanding, what is the stock price of this firm?
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