Question
Smith Technologies is expected to generate $114 million in free cash flow next year, and FCF is expected to grow at a constant rate of
Smith Technologies is expected to generate $114 million in free cash flow next year, and FCF is expected to grow at a constant rate of 2.3% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 7.9%. If Smith has 62 million shares of stock outstanding, what is the stock's value per share?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
