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Upton is a dividend paying company. The dividend just paid, Do, was $3.50 and is expected to grow,g, for the foreseeable futures at a constant

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Upton is a dividend paying company. The dividend just paid, Do, was $3.50 and is expected to grow,g, for the foreseeable futures at a constant 5%. The required rate of return is 10.5%, a. Find the intrinsic value today. b. If the actual market price today is $64.75, do you believe the stock is over/underpriced? You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow (FCFI) is expected to be $25.40 million, and it is expected to grow at a constant rate of 5.5% a year thereafter. The company's WACC is 12.0%, it has $250 million of long-term debt plus preferred stock outstanding, and there are 40 million shares of common stock outstanding. Assume the firm has zero non-operating assets. What is the firm's estimated intrinsic value per share of common stock? Watch your rounding

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