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Assume that today is December 3 1 , 2 0 2 1 , and that the following information applies to Abner Airlines: After - tax
Assume that today is December and that the following information applies to Abner Airlines:
Aftertax operating income EBIT T for is expected to be $ million.
The depreciation expense for is expected to be $ million.
The capital expenditures for are expected to be $ million.
No change is expected in net operating working capital.
The free cash flow is expected to grow at a constant rate of per year.
The required return on equity is
The WACC is
The firm has $ million of nonoperating assets.
The market value of the company's debt is $ billion.
million shares of stock are outstanding.
Using the corporate valuation model approach, what should be the company's stock price today? Do not round intermediate calculations. Round your answer to the
nearest cent.
$
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