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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 2022 you

image text in transcribed IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late 2022 you initiate discussions with IDX's founder about the possibility of acquiring the business at the end of 2022. Estimate the value of IDX per share using a discounted FCF approach and the following data: - Debt: \$26 million - Excess cash: \$113 million - Shares outstanding: 50 million - Expected FCF at end of 2023: \$44 million - Expected FCF at end of 2024: $52 million - Future FCF growth rate beyond 2024: 5% - Weighted-average cost of capital: 9.4% The enterprise value at end of 2022 is $ million. (Round to the nearest integer.) The equity value is $ million. (Round to the nearest integer.) The value of IDX per share is $. (Round to the nearest cent.)

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