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Consider the following financial information about stock NEA: High Growth Stage (2 years) Stable Growth Stage g 10% g 3% EBIT(1-T) $500m WACC 10% CAPEX

Consider the following financial information about stock NEA: High Growth Stage (2 years) Stable Growth Stage g 10% g 3% EBIT(1-T) $500m WACC 10% CAPEX -$350m Dep. $100m NCWC -$200m Market Value of Debt $10,000m Cash $8,800m Number of shares 1,000m Using a two-stage model, the estimated target price of this firm is equal to:??

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