At the current time (time 0) the firm has FCFE of $100 million. This FCFE is expected to grow 10% year for 3 years and then grow at a constant 1% in...

At the current time (time 0) the firm has FCFE of $100 million. This FCFE is expected to grow 10% year for 3 years and then grow at a constant 1% in perpetuity. Using a cost of equity of 11%, compute the value of stock assuming 100 million shares outstanding. Need step by step details to come up with solution.

At the current time (time 0) the firm has FCFE of $100 million. This FCFE is expected to grow 10% year for3 years and then grow at a constant 1% in perpetuity. Using a cost of equity of 11%,...