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You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is
You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is its endofyear free cash flow FCF is expected to be $ million, the FCFs are expected to grow at a constant rate of a year in the future, the company has $ million of longterm debt and preferred stock, and it has million shares of common stock outstanding. Assume the firm has zero nonoperating assets. What is the firm's estimated intrinsic value per share of common stock? Do not round intermediate calculations.
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