1 You have been assigned the task of using the corporate valuation model to estimate Petry Corporation's intrinsic value. You estimate that the market value of the firm's operations is $600 million based on the end- year free cash flow and the constant growth rate of the FCFs. The company has $50 million non-operating assets, $290 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?

You have been assigned the task of using the corporate valuation model to estimate Petry Corporation's intrinsic value. You estimate that the market value of the firm's operations is $600 million based on the endyear free cash flow and the constant growth rate of the FCFs. The company has $50 million non-operating assets, $290 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock