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Intro Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow by 3% per
Intro Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow by 3% per year after year 3. Year 1 2 3 FCF (5 million) -20 48 54 The weighted average cost of capital is 9%. The firm has 544 million of debt and 10 million shares outstanding. Attempt 1/3 for 1 pts. Part 1 What is Majong's horizon value in 5 million)? 0+ decimals Submit Attempt 1/3 for 1 pts Part 2 What is the firm value today (in $ million)? 0+ decimals Submit Attempt 1/3 for 1 pts Part 3 What is a good estimate of Majong's value per share? 0+ decimals Submit
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