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For the last fiscal year, Steady Utilities ( SU ) had EBIT of $ 5 5 0 , 0 0 0 , Depreciation Expense of
For the last fiscal year, Steady Utilities SU had EBIT of $ Depreciation Expense of $ and made an Investment in Operating Capital of $ SUs debt has a market value of $ it has $ in Marketable Securities that are not required for the current level of operations, it has common shares outstanding, a marginal tax rate of and its WACC is estimated to be Please compute SUs free cash flow FCF for last year and then assume that SUs FCF will grow at a constant rate of What is the intrinsic value of SUs stock to the nearest cent given all this information using the Constant Growth FCF Model? Do not enter $ or comma in the answer box. For example, if your answer is $ then enter as in the answer box.
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