expected future free cash flows plus the market value of its non$-$operating assets:

Horizon value WACC$-$g $\{$:${?}_{FCF})$

equity is divided by the number of common shares outstanding to estimate the firm's intrinsic per$-$share value.

Round your answer to the nearest cent.

$ pershare

Quantitative Problem $2$: Hadley Inc, forecasts the year$-$end free cash flows $($in millions$)$ shown below.

stock price today $($Year $0)?$ Round your answer to the nearest cent. Do not round intermediate calculations.

$ per share

According to the valuation models developed in this chapter, the value that an investor assigns to a share of stock is dependent on the length of time the investor plans to hold the stock.

The statement above is

Conclusions

taken to increase the company's value; and for this reason, it is integral to the planning and forecasting process.