2. estimate the expected stock price from the data below. (40 points) wacc=10%; short term investments = $100 million; debt = $200 million; preferred stock =$50 million; number of shares = n =10 million finance expansion financed by owners projected free cash flows (fcfs) year 1 fcf = -$10 million year 2 fcf = $20 million fcf grows at constant rate of 5% after year 2. no change in wacc, marketable securities, debt, preferred stock, or number of shares of stock

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)