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Calculation Problem 6. Based on the information provided, calculate the intrinsic value in 2004 of a share of INV Corp. using the FCFF (free cash

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Calculation Problem 6. Based on the information provided, calculate the intrinsic value in 2004 of a share of INV Corp. using the FCFF (free cash flow to the firm) model. For 2004 the FCFF was $30,ooo, total debt was $20,000, and there were 12000 shares outstanding. The required rate of return is 9% and the estimated growth rate in FCFF is 6.5%. 13

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