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Year 1 2 3 4 5 Free Cash Flow 21 28 29 25 32 AmericanIndustries is expected to generate the above free cash flows over
Year | 1 | 2 | 3 | 4 | 5 |
Free Cash Flow | 21 | 28 | 29 | 25 | 32 |
AmericanIndustries is expected to generate the above free cash flows over the next five years,after which free cash flows are expected to grow at a rate of 2%per year.If the weighted average cost of capital is 11%and AmericanIndustries has cash of$32million,debt of$47million,and 82million shares outstanding,what is AmericanIndustries' expected current share price?
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