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A stock has no dividends. Last period's FCFE is $5.8 and it has an estimated annual free cash flow growth rate of 7.23%. The required

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A stock has no dividends. Last period's FCFE is $5.8 and it has an estimated annual free cash flow growth rate of 7.23%. The required return for this stock is 10.66% and its long term growth rate is 2.46%. It also has an ROE of 26.9%. What it the estimated intrinsic value using the constant state FCFE method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook. A stock has no dividends. Last period's FCFE is $5.8 and it has an estimated annual free cash flow growth rate of 7.23%. The required return for this stock is 10.66% and its long term growth rate is 2.46%. It also has an ROE of 26.9%. What it the estimated intrinsic value using the constant state FCFE method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook

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