Question
CORPORATE VALUATION Smith Technologies is expected to generate $120 million in free cash flow next year, and FCF is expected to grow at a constant
CORPORATE VALUATION Smith Technologies is expected to generate $120 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 13%. If Smith has 60 million shares of stock outstanding, what is the stocks value per share?
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
