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Please explain and show how to answer part d of this question Valuing free cash flow Phoenix Corp. faltered in the recent recession but is

image text in transcribedPlease explain and show how to answer part d of this question

Valuing free cash flow Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2016 are as follows. Phoenix's recovery will be complete by 2021, and there will be no further growth in free cash flow. Calculate the PV of free cash flow, assuming a cost of equity of 9%. Assume that Phoenix has 12 million shares outstanding. What is the price per share? What is Phoenix's P/E ratio? How do you expect that P/E ratio to change from 2017 to 2021? Confirm that the expected rate of return on Phoenix stock is exactly 9% in each of the years from 2017 to 2021

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