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Aayan Bakery's mov: recent FCF was 548 miliong the FCF is expected to grow ot a constant pate of 6%. The frmb' WacC is 11

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Aayan Bakery's mov: recent FCF was 548 miliong the FCF is expected to grow ot a constant pate of 6%. The frmb' WacC is 11 W, and 2 has 15 milion shares of common stock outstanging. The firm has \$30 malion in short-term ifvestments, which it plans to lquldate and butribute to commen shareholders via a stock repurchase; the firm has no other nonoperatiog assets. IR has s361 mulion in debt and 556 millon in serefered stock. 3. What is the value of eperations? Enter your answer in mitions. For exanple, an answer of $1:23 millon should be entered as 1:23, not 1,230,000. Round your answer to twe decimal places. 3 millon. b. tmmedigtey enor to the repurchase, what is the intrinsic value of equity? Enter vour answer in milions. for evamole, an answer of 31.23 million should be entered as 1.23 , not 1,230,000 Round wour antwer to two decimal places. 3 milion c. Immediateli onor to the repurchbse, what is the intrinsic stock price? Round your aniwer to the mearest cent: 4 per share d. How many shares will be regurchased? Enter your answer in milions, For exmmple, an answer of 1.23 mallion should be entered as 1.23 , not 1,2.30.000. Round your answer to tieo decimat places. million thares How many thares wa remain after the repurchase? Enter your antmer in millons. For exavple, an ahtmer of 1.23 millon should be entered as 1.23, cot 1,230,000. Aound your anower to bro. decimal places: mition thares Your ancwar in tob decimal places m. milion The introwe stock proct? Rownd your ansiner to the nearest cent per share

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