FCF Model Assume all $ numbers are in millions, as are the # of shares Projections for the next 3 years Free Cash Flow is $50, $70, and $80 After year 3, FCF is expected to grow at a rate of 4% annually. The required rate of return is 20% The company has $200 in debt The company also has $10 in preferred stock The company has 14 shares outstanding What is a fair share price for this company?

- Assume all $ numbers are in millions, as are the \# of shares - Projections for the next 3 years Free Cash Flow is $50,$70, and $80 - After year 3, FCF is expected to grow at a rate of 4% annually. - The required rate of return is 20% - The company has $200 in debt - The company also has $10 in preferred stock - The company has 14 shares outstanding - What is a fair share price for this company