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TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the following
TTC recently introduced a new line of products that has been wildly successful. On the basis of this success and anticipated future success, the following free cash flows were projected in millions:
Year
FCF $ $ $ $ $ $ $ $ $ $
After the th year, TTCs financial planners anticipate that its free cash flow will grow at a constant rate of Also, the firm concluded that the new product caused the WACC to fall to The market value of TTCs debt is $ million, it uses no preferred stock, it has zero nonoperating assets; and there are million of common stock outstanding. Use the corporate valuation model to value the stock. Round your answer to the nearest cent
$ per share
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