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Consider the following financial information about ABC Limited: High Growth Stage (2 years) Stable growth Stage Growth rate of FCFF = 15% Growth rate of

Consider the following financial information about ABC Limited:

High Growth Stage (2 years) Stable growth Stage
Growth rate of FCFF = 15% Growth rate of FCFF = 3%
EBIT (1 - T) = $200
WACC = 10%
Capital Expenditures = $100
Depreciation = $100
Increase in NCWC = $120
Market value of debt = $2,500
Cash = $1,450
Number of shares = 13

Using the information above in a two-stage discounted cash flow (DCF) model, calculate the target price of ABC Limited (in $ per share).

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