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The following information has been provided in millions for Alpha Plc: 2018 2019 2020 2021 2022 Operating Income (OI) 2200 2500 3000 3800 Net Operating

The following information has been provided in millions for Alpha Plc:

2018

2019

2020

2021

2022

Operating Income (OI)

2200

2500

3000

3800

Net Operating Assets (NOA)

5600

6000

6400

7000

7500

Return on Net Operating Assets (RNOA)

39.29%

41.67%

46.88%

54.29%

The required rate of return is 9%.

The book value of Net Financial Obligations is 3,000 million.

Alpha Plc is expected to have a growth rate of 4%

The company has 400 million shares.

Calculate the Value Per Share for Alpha Plc.

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