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Assume today is December 3 1 , 2 0 1 3 . Barrington Industries expects that its 2 0 1 4 after - tax operating
Assume today is December Barrington Industries expects that its aftertax operating income EBIT T will be $ million and its depreciation expense will be $ million. Barrington's gross capital expenditures are expected to be $ million and the change in its net operating working capital for will be $ million. The firm's free cash flow is expected to grow at a constant rate of annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is ; the market value of the company's debt is $ billion; and the company has million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Using the corporate valuation model, what should be the company's stock price today December
The company's stock price will be equal to per share.
Round your answer to the nearest cent. Do not round intermediate calculations.
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