Question
The estimate of a firms present value of free cash flows is $400 million. Its invested capital is $700 million. It has cash holdings of
The estimate of a firms present value of free cash flows is $400 million. Its invested capital is $700 million. It has cash holdings of $9 million. The value of debt and capitalized leases are $220 million and $33 million, respectively. They have 2.0 million shares outstanding.
What is the estimated value of a share of stock? __
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
