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Nike Inc. (NKE) would like you to estimate its expected fair value per share after adding the new line athleisure wear. FCFs for the firm
Nike Inc. (NKE) would like you to estimate its expected fair value per share after adding the new line athleisure wear. FCFs for the firm are listed below in millions ($ 000,000). After year 5, NKE expects FCF to grow by 4.1% indefinitely. NKE has $165 million in debt outstanding, a cash position of $55 million, and 100 million shares issued. The required return on similar stocks is 13.9%.
What is the net income and free cash flow for years 2-5?
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