Question
You have the following data: FCF 0 = $2 million; FCF 1 = $-2 million; FCF 2 = $2 million; FCF 3 = $4 million;
You have the following data: FCF0 = $2 million; FCF1 = $-2 million; FCF2 = $2 million; FCF3 = $4 million; FCF4 = $6 million; free cash flow grows at a rate of 5% for year 5 and beyond. The weighted average cost of capital is 12%. Assume they have 15 million in debt and 7 million shares outstanding. Find the price per share.
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
