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A companys weighted average cost of capital is 10.3% per year and the market value of its debt is $320.6 million. The companys free cash
A companys weighted average cost of capital is 10.3% per year and the market value of its debt is $320.6 million. The companys free cash flow last year was $8.5 million and it is expected to grow 20% per year for the next three years. Thereafter, the free cash flow is expected to grow forever at a rate of 8.1% per year. If the company has seven million shares of common stock outstanding and it holds $45.8 million of marketable securities, what is the value per share? Please complete in excel and post answer and formulas. Thank you!
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