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The following forecast is provided to you for the years 2006-2009 (in millions of dollars): 2006 2007 2008 2009 Cash flow from Operations $2,014$2,057 $2,095
The following forecast is provided to you for the years 2006-2009 (in millions of dollars): 2006 2007 2008 2009 Cash flow from Operations $2,014$2,057 $2,095 $2,107 Cash Investment in 300 380 1442 470 operations Short-term and long-term debt at the end of 2005 - $6,192 million Required rate of return - 9 percent Growth rate after 2009 - 3 percent Shares outstanding at the end of 2005 - 369 million, trading at $47 per share. Calculate value per share using discounted cash flow method
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