Panda Industries Inc. has a WACC of 9.32% and 86,551 common shares outstanding. The firm has $1,031,344 in preferred equity and outstanding debt of $3,370,199. Use the DCF valuation model based on the expected FCFs shown below; year 1 represents one year from today and so on. The company expects to grow at a 3.5% rate after Year 5. Rounding to the nearest penny, what is the value of each share of common stock? Free Cash Flow Year 1 $1.280.792 Year 2 $1.755.502 Year 3 $1.742.733 Period 10 pts Year 4 $1.868.440 Year 5 $3.277.638
