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Assume the following expected free cash flows for Flying Inc. for 2012: Current Forecast Horizon ($ thousands) 2012 2013 2014 2015 2016 Terminal Year FCFF

Assume the following expected free cash flows for Flying Inc. for 2012: Current Forecast Horizon ($ thousands) 2012 2013 2014 2015 2016 Terminal Year FCFF 2,456 2,985 3,928 4,268 5,038 5,589 The company has net nonoperating obligations (NNO) of $80,000 and 6,000 shares outstanding. Calculate the per share stock price using the FCFF information above, a discount rate of 6%, and a terminal growth rate of 3%

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