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119. Highpoint had a FCFE of $246M last year and has 123M shares outstanding. Highpoint's required return on equity is 10% and WACC is 9%.

119. Highpoint had a FCFE of $246M last year and has 123M shares outstanding. Highpoint's required return on equity is 10% and WACC is 9%. If FCFE is expected to grow at 8.0% forever, the intrinsic value of Highpoint's shares are A. $21.60. B. $108. C. $244.42. D. $216.00

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