Psychology homework help

1.    A firm is projected to have Sales at the end of the current year in the amount of $2 Billion and an operating profit margin of 30% (and this ratio will remain constant). Sales are expected to grow 20% annually in each of the following 4 years. The firm has $2 Billion of debt at an interest rate of 5%, and there are no projected increases in the firm’s debt levels. Assuming (1) a 20% tax rate and (2) that comparable firms have a trailing P/E multiple of 20x, and this ratio is expected remain constant. The firm has 10 million shares outstanding and pays out 20% of its net income out in the form of dividends.  The firm’s cost of equity is 15%.  What is the intrinsic value of a share of the firm’s stock?