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IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late 2013 you

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IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late 2013 you inte discussions with ID: founder about the possibility of acquiring the business at the end of 2013. Estimate the value of IDX per share using a discounted FCF approach and the following data Debt $32 million Excess cash: $109 million Shares outstanding: 50 million Expected FCF in 2014 548 million Expected FCF in 2015. 361 million Future FCF growth rate beyond 2016 6% . Weighted average cost of capital 94% CH The enterprise van 2013 s milon (Round to the nearest integer.) The equity value is mon (Round to the nearest Integer) The value of IDX per share is (Round to the nearest Cent)

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