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Based on the information provided, calculate the intrinsic value of a share of Pitts Corp stock using the FCFF model. The most recent FCFF for
Based on the information provided, calculate the intrinsic value of a share of Pitts Corp stock using the FCFF model. The most recent FCFF for Pitts was $155 million, the market value of debt was $20 million, and there were 12 million shares outstanding. The WACC for Pitts is 10.2% and the estimated growth rate in FCFF is 5%. a) $282.50 Ob) $259.15 c) $204.83
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