Question
Naughty Droid's current free cash flow is $100 million that is expected to grow at a constant annual growth rate of 6%. Total debt
Naughty Droid's current free cash flow is $100 million that is expected to grow at a constant annual growth rate of 6%. Total debt is $300 million and the company's WACC is 11.5 %. What is Naughty Droid's value per share of common stock if it has 20 million shares of common stock outstanding?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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