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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 $51.00, $57.00, and

Suppose you can estimate the free cash flow for Hoosier Electronics for the next 3 years. You predict that FCF will be $51.00, $57.00, and $60.00 million respectively. After the third year, you believe that FCFs will grow forever at 5.00%. The firms WACC is 11.00%. Currently, the book value of bonds is $191.00 million, the book value of notes payable is $66.00 million, and the book value of preferred stock is $48.00 million. If the firm has 23.00 million shares of common stock outstanding, what is the equity value per share.

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