You estimate the following free-cash-flows to the firm (FCFF) for a company (in millions). Suppose that the firm's long-term FCF growth will be 3% per year after year four and that the firm's required WACC is 9%. Additionally, the firm has $80 million in outstanding debt and 6 million shares, outstanding. What is the intrinsic price of one share of the firm's equity using the free- cash-flow valuation method? Year OHN34 2 FCFF -$4 $12 $30 $42

You estimate the following free-cash-flows to the firm (FCFF) for a company (in millions). Suppose that the firm's long-term FCF growth will be 3% per year after year four and that the firm's required WACC is 9%. Additionally, the firm has $80 million in outstanding debt and 6 million shares, outstanding. What is the intrinsic price of one share of the firm's equity using the freecash-flow valuation method