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Please show me how to calculate with a calculator Penney Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows
Please show me how to calculate with a calculator
Penney Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 6% rate. Dozier's WACC is 12%. Year 0 1 2 3 FCF ($ Million) -$20 $30 $40 a What is Penney's horizon, or continuing, value? b What is the firm's value today? c Suppose Penney has $120 million of debt and 12 million shares of stock outstanding. What is your estimate of the current price per shareStep by Step Solution
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