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Garbanzo Corporation generated free cash flow of $90 million this past year. For the next two years, the company's free cash flow is expected to
Garbanzo Corporation generated free cash flow of $90 million this past year. For the next two years, the company's free cash flow is expected to grow at a rate of 10%. After that time, the company's free cash flow is expected to level off to the industry long-term growth rate of 3% per year. If the weighted average cost of capital is 11% andGarbanzoCorporation has cash of $102 million, debt of $208 million, and 85 million shares outstanding, what isGarbanzoCorporation's expected current share price?
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