Franktown motors is expected to have an ebit of $2.2 million next year. depreciation, the increase in net working capital, and capital spending are expected to be $158,000, $92,000, and $114,000, respectively. all are expected to grow at 15 percent per year for four years. the firm currently has $12 million in debt and 750,000 shares outstanding. after year 5, the adjusted cash flow from assets is expected to grow at 2.5 percent indefinitely. the company's wacc is 8.7 percent and the tax rate is 34 percent. what is the price per share of the company's stock?

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.