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HCB, Inc. expects to have FCF of $27.00 million next year. FCF is expected to grow at 5% per year forever. HCB also has the
"HCB, Inc. expects to have FCF of $27.00 million next year. FCF is expected to grow at 5% per year forever. HCB also has the following information from its current balance sheet: Short-term investments $125 million Total assets $500 million Total debt $220 million Shareholder's equity $250 million Shares outstanding 15 million HCB's required return on equity is 11% and its WACC is 8%. Find HCB's intrinsic per share value of equity using the Corporate Valuation Model." Group of answer choices
$53.67
$59.03
$64.94
$71.43
$78.57
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