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IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business developmert strategy, in late 2 0

IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business developmert strategy, in late 2008 you initate discussions with IDX's founder about the possibulity of acquining the business at the end of 2008. Eslimale the value of IDX per share using a discounted FCF approach and the following data:
Debt $32 million
Excess cash. 5104 million
Shares outstanding: 50 million
Expected FCF in 2009.541 million
Expected FCF in 2010.556 milion
Future FCF growth rate beyond 2010.5%
Weighted-average cost of capital: 9.4%
The enterprise value in 2008 is $ milion. (Round to the nearest integer.)
The equity value is $ milion. (Round to the nearest inleger.)
The value of iox per share is $,(Round to the nearest cent.)
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