3. Stocks and Their Valuation: Corporate Valuation Model corporate valuation model. The market value of a firm is equal to the present value of its expected future free cash flows plus the market value of its non-operating assets: the equation to calculate the continuing value of the firm's operations at that date is: and preferred are subtrected to arrive at the market value of equity. The market value of equity is divided by the number of common shares cutstanding to estimate the firm's intrinsic per-share value. growth. calculatians. Round your answer to the nearest cent $ per share Quantitative Problem 2: Hadley Inc. forecasts the year-end tree cash flows (in millions) shown below. shares outstanding. Also, the firm has zero non-operating assets. What is the value of the stock price today (Year D)? found your answer to the nearest cert, Do not round intermediate calculations. $ per share The staternent above is Conclusions shbuld find the sarme intrinsic value using either madel, but differences are aften observed