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This past year ABC Company's free cash flow (FCFo) was $651,882. Analysts expect the company's free cash flow to grow by 33% this year (Year
This past year ABC Company's free cash flow (FCFo) was $651,882. Analysts expect the company's free cash flow to grow by 33% this year (Year 1), by 13% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The company has $500,000 in non-operating-related short-term investments, $2,000,000 in debt, and 137,359 common shares outstanding. The company's WACC is 9.00%. What is the best estimate of the stock's current intrinsic price? Round your final answer to two decimal places of dollar
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