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On December 31, 2006, a stock analyst has forecasted that Hart Enterprises should generate free cash flows of $1,200 in 2007 and 2,000 in 2008
On December 31, 2006, a stock analyst has forecasted that Hart Enterprises should generate free cash flows of $1,200 in 2007 and 2,000 in 2008 and 2,250 in 2009. Thereafter, free cash flow for Hart Enterprises is expected to grow at an annual rate of 7%. Hart Enterprises has a weighted average cost of capital (WACC) of 10%. Hart Enterprises has Notes Payable and Long-term Debt of $10,000 and no Preferred Stock. Hart Enterprises has 10,000 shares of common stock outstanding. What is the total value of Hart Enterprises
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