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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 4% per
Intro Majong Inc. forecasts that it will have the free cash flows shown below. The free cash flows are expected to grow by 4% per year after year 3. Year 1 2 3 FCFF ($ million) -20 48 54 The weighted average cost of capital is 15%. The firm has $69 million of debt and 10 million shares outstanding. - Attempt 1/18 for 10 pts. Part 1 What is Majong's terminal value (in $ million)? 0+ decimals Submit - Attempt 2/18 for 10 pts. Part 2 What is the firm value today (in $ million)? 0+ decimals Submit Attempt 1/18 for 10 pts. Part 3 What is a good estimate of Majong's price per share? 1+ decimals Submit
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