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please please solve this Question in 30 minutes QUESTION 2 Magellan Midstream Partners (MMP) has $2 1 million in excess cash, $63.8 million debt and
please please solve this Question in 30 minutes
QUESTION 2 Magellan Midstream Partners (MMP) has $2 1 million in excess cash, $63.8 million debt and is expected to have a free cash flow of $36 million next year Its FCF is then expected to grow at a rate of 25% per year in perpetuity If MMP's weighted average cost of capital is 8 5% and it has 7 million shares outstanding, what should be the price of MMP's stock? a) 76.90 b) 85.71 OC) 95.13 d) 53.82
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