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Use the following information to determine the stock price of a publicly traded corporation using the corporate valuation model: After-tax operating income (EBIT(1-T)] for the

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Use the following information to determine the stock price of a publicly traded corporation using the corporate valuation model: After-tax operating income (EBIT(1-T)] for the current year is expected to be $2.5 billion. The depreciation expense for the current year is expected to be $150 million The capital expenditures for the current year are expected to be $350 million Net operating working capital will grow by $20 million. The free cash flow is expected to grow at a constant rate of 5% per year. The required return on equity is 13% The WACC is 11%. The firm has $2.5 billion of non-operating assets. The market value of the company's debt is $18.5 billion. 350 million shares of stock are outstanding. $61.83 $66.45 $62.65 $64.76 $65.12

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