The Pekay Company has FCFE of $800.FCFE is expected to grow by 7% next year.The cost of capital is 7% and the level of debt is $4000.The number of shares outstanding is 700.Calculate the firm's share price.
A) $44.25
B) $65.12
C) $38.19
D) $40.76
E) $50.56

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The Answer of The Pekay Company has FCFE of $800.FCFE is expected to grow by 7% next year.The cost of capital is 7% and the level of debt is $4000.The number of shares outstanding is 700.Calculate the firm's share price.
A) $44.25
B) $65.12
C) $38.19
D) $40.76
E) $50.56

The Pekay Company Has FCFE of $800