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XYZ Corp just generated FCF of $50 million. Its FCF will grow by 16%, 12% and 10% respectively for years 1,2, and 3. Starting from

XYZ Corp just generated FCF of $50 million. Its FCF will grow by 16%, 12% and 10% respectively for years 1,2, and 3. Starting from year 4, the growth rate will decline to 7% per year. The WACC for XYZ Corp is 12 %. It has $100 million cash on hand, total debt of $400 million,and has 15 million shares outstanding. What is the estimated price per share for XYZ?

End of year EOY 1 EOY 2 EOY 3 EOY 4
growth rate 16% 12% 10% 7%
Projectes FCF? ? ? ? ?

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