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Assume the following expected free cash flows for Peterson Corporation: Current Explicit Forecast Period Terminal Period 2019 2020 2021 2022 2023 Free cash flows to
Assume the following expected free cash flows for Peterson Corporation: Current Explicit Forecast Period Terminal Period 2019 2020 2021 2022 2023 Free cash flows to the firm (FCFF) $465 $488 $512 $538 $565 The company has net nonoperating obligations (NNO) of $1,000 and 1,000 shares outstanding. he WACC is 7%. FCFF terminal period is expected to grow at a year forever. What is the stock price per share (pick the closest answer if there is rounding difference). $9.57 $11.43 $8.25 $10.37
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