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Suppose you can estimate the free cash flow for Hoosier Electronics for the next 3 years. You predict that FCF will be $43.00, $58.00,
Suppose you can estimate the free cash flow for Hoosier Electronics for the next 3 years. You predict that FCF will be $43.00, $58.00, and $60.00 million respectively. After the third year, you believe that FCF's will grow forever at 5.00%. The firm's WACC is 10.00 %. Currently, the book value of bonds is $216.00 million, the book value of notes payable is $50.00 million, and the book value of preferred stock is $44.00 million. If the firm has 33.00 million shares of common stock outstanding, what is the equity value per share. Submit Answer format: Currency: Round to: 2 decimal places.
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