Question
FCFE Valuation A company's most recent free cash flow to equity was $120 and is expected to grow at 3% thereafter. The company's cost of
FCFE Valuation
A company's most recent free cash flow to equity was $120 and is expected to grow at 3% thereafter. The company's cost of equity is 12%. Its WACC is 7.23%. What is its current intrinsic value? Round your answer to the nearest dollar.
$
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
