11. Using the corporate valuation model, the value of a companys operations is $950 million. The companys balance sheet shows $50 million in short-term investment. The company also has 150 m in accounts payable, $200 m in note payable, $300 m in long-term debt, $ 240 m in common stock and 160 m in retain earnings. What is your best estimate for the market value of equity per share if total number of shares outstanding = 10 million?

WACC = W_d* r_d (1-T) + W_ps*r_ps + Ws * r_s Break even= Retained earnings / Ws

Vop = FCF1/(WACC g ), V = Vop+Vnop, MVE = V Vps Vdebt, P = MVE/#shares