Gonzales corporation generated free cash flow of 86 million this year. for the next two years the company's free cash flow is expected to grow at a rate of 10% after that time the company's free cash flow is expected to level off to the industry long term growth rate of 4% per year if the weighted average cost of capital is 11% and gonzales corporation has cash of 100 million debt of $275 million, and 100 million shares outstanding, what is gonzales corporation's expected current share price?
a) $14.37
b) $11.87
c) $12.49
d) $16.24

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.