b. You must estimate the intrinsic value of Noe Technologies' stock. The end-of cash flow (FCF) is expected to be $24.50 million, and it is expec constant rate of 7.0% a year thereafter. The company's WA o it has s125.0 CC is 10.0%, it has milion of long-term debt plus preferred stock outstanding, and there are 15.0 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? a. $47.96 b. $46.11 c. $38.27 d. $40.12 e. $34.58 17. Bill Dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta? Do not round your intermediate calculations. Round the final answer to 2 decimal places. a. 1.14 b. 0.90 c. 1.44 d. 1.20 e. 1.56 To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity. This bond has a 9.25% annual coupon, paid semiannually, sells at a price of $1,025, and has a par value of $1,000. If the firm's tax rate is 40%, what is the component after-tax cost of debt for use in the WACC calculation? Do not round your intermediate calculations. 18. 5.93% 6.21% 5.39% 6.09% 4.69% b. d