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Meta is expected to earn the following free cash flows: $163 billion next year (year 1), $164.5 billion in year 2 and $165.5 billion in
Meta is expected to earn the following free cash flows: $163 billion next year (year 1), $164.5 billion in year 2 and $165.5 billion in year 3. After these 3 years, its free cash flow is expected to grow at a constant rate of 4% forever. Given its cost of capital (WACC) is 10% and Meta has 7 billion shares outstanding, please calculate Meta intrinsic value per share based on the discounted free cash flow model
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