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PLC Company report FCF of $800,000 in the most recently completed year. FCF is expected to grow by 10% this year and 7% in year
PLC Company report FCF of $800,000 in the most recently completed year. FCF is expected to grow by 10% this year and 7% in year two. Beginning in year three, FCF is expected to grow at a constant and sustainable rate of 5%. The required rate of return on this stock is 12%. The company has debt of $3,500,000, preferred stock of $1,200,000 and 500,000 common shares outstanding. What is a share of this company's common stock worth today
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