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Business, 16.10.2019 18:10 inesperezferrere

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 10.00%, its end-of-year free cash flow (fcf1) is expected to be $70.0 million, the fcfs are expected to grow at a constant rate of 5.00% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. what is the firm's estimated intrinsic value per share of common stock?

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