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You were recently asked to determine the intrinsic value of JBI Stock. Based on your research, you estimate the following free cash flows: Year 1

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You were recently asked to determine the intrinsic value of JBI Stock. Based on your research, you estimate the following free cash flows: Year 1 Negative $10 million Year 2 Positive $11.6 million Year 3 Positive $17.5 million Year 4 Positive $25.1 million You anticipate that after year 4 the company will grow annually by 5%. Based on the risk profiles you would like to get a return on this investment of 9%. The company currently has 5 million shares outstanding. What is the value of the stock based on this data

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