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An analyst is estimating the intrinsic value Harkleroad Technologies' stock. Harkleroad's free cash flow is expected to be $30 million this year, and grow at
An analyst is estimating the intrinsic value Harkleroad Technologies' stock. Harkleroad's free cash flow is expected to be $30 million this year, and grow at a constant rate of 7.5 % a year. The company's WACC is 11%. Harkleroad has $225 million of long-term debt and preferred stock, and 35 million outstanding shares of common stock. What is the estimated per-share price of Harkleroad Technologies' common stock?
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