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Camper,Inc. is interested in acquiring Baxter Corp.Baxter has 30 million shares outstanding.Its WACC is 11% and the risk free rate is 4%.Baxter has $5 million

Camper,Inc. is interested in acquiring Baxter Corp.Baxter has 30 million shares outstanding.Its WACC is 11% and the risk free rate is 4%.Baxter has $5 million in debt.Baxter's free cash flow is $20 million annually and is expected to grow at a constant rate of 5% per year. Calculate the intrinsic value of Baxter's stock.

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