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The forecast for the free cash flows for Lennon's Vinyl Records for 2023 are provided below. Assume that free cash flow is paid at the
The forecast for the free cash flows for Lennon's Vinyl Records for 2023 are provided below. Assume that free cash flow is paid at the end of each year and we are at the beginning of year 2023 . Because vinyl records are a niche market, Lennon forecasts his cash flow to remain constant at 2023's year-end level in perpetuity. Lennon's Vinyl Records's WACC is 8%. Use this information to find Lennon's Vinyl Records share price as of the beginning of year 2023 . Round your answer to the nearest dollar, i.e., if your answer is $13.78
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