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Sysco has the following historical free cash flows (in millions). Use time value of money to calculate the growth rate (not the individual yearly rate).

Sysco has the following historical free cash flows (in millions). Use time value of money to calculate the growth rate (not the individual yearly rate). Assume this growth rate will continue into the foreseeable future. Assume a discount rate of 7%. They have debt of $14,509.3 million and there are 510.4 million shares of stock outstanding. Use the average of all the cash flows as FCF0. Calculate the value of one share of stock.

SYY FCF in $M
2014 1599.7
2015 1644.8
2016 1688.7
2017 1592.9
2018 1875.2
2019 1528.6
2020 2014.8

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