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Firm GoArt has distributed a free cash flow of $10 million last year and that cash flow is expected to grow at 25% for the

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Firm GoArt has distributed a free cash flow of $10 million last year and that cash flow is expected to grow at 25% for the next year and 15% for the following year, after which it will settle to a long term growth rate of 10%. The firm has $50 million in total liabilities and 10 million shares of common stock outstanding. How much is the intrinsic value of a share of its stock given a WACC of 15%? Please show your work to get full credit. You can copy and paste your work from excel. HTML Editore BIVA-A-IX EXP x 5 V GOTT 12pt 1

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