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A company had free cash flows of $772 million last year. Free cash flows are expected to grow at 3.6% per year. The WACC for
A company had free cash flows of $772 million last year. Free cash flows are expected to grow at 3.6% per year. The WACC for the firm is 8.2%. They currently have $7 billion in debt outstanding, and have 112 million common stock outstanding. The company has 75 million preferred stock outstanding, that currently trade at $17.41. What is the estimate of the stock price based on the firm valuation model?
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