ZNC's free cash flow to equity holders is expected to be $110 million for years 1-3 and
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Question:
ZNC's free cash flow to equity holders is expected to be $110 million for years 1-3 and is projected to grow at a rate of 4% afterwards. There are 20 million shares of equity outstanding.
What is the predicted price of the stock if the cost of equity is 14%?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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