Phoenix Corporation for fiscal 2015 had Total Cash Flow from Operations of $6,917.2m, which was after interest expense of $926m. Depreciation https://myuni. adelaide. edu. au/courses/32822/quizzes/30541 5/10 10/27/2018 Test1: Corporate Investment & Strategy III Question 9 1 / 1 pts California Real Estate, Inc., expects to earn $65 million per year in perpetuity if it does not undertake any new projects. The firm has an opportunity to invest $12 million today and $4 million in one year in real estate. The new investment will generate annual earnings of $10 million in perpetuity, beginning two years from today. The firm has 10 million shares of common stock outstanding, and the required rate of return on the stock is 10 percent. Land investments are not depreciable. Ignore taxes. What is the per-share stock price if the firm undertakes the investment? 72.53 65.00 87.63 76.35 71.34 expense was $1,783m and Capital Expenditure was $2,135.7m. Phoenix paid a dividend of $1,823.4m. What was the Levered Free Cash Flow after the dividend?Phoenix Corporation for fiscal 2015 had Total Cash Flow from Operations of $6,917.2m, which was after interest expense of $926m. Depreciation https://myuni. adelaide. edu. au/courses/32822/quizzes/30541
5/10
10/27/2018 Test1: Corporate Investment & Strategy III
Question 9
1 / 1 pts
California Real Estate, Inc., expects to earn $65 million per year in perpetuity if it does not undertake any new projects. The firm has an opportunity to invest $12 million today and $4 million in one year in real estate. The new investment will generate annual earnings of $10 million in perpetuity, beginning two years from today. The firm has 10 million shares of common stock outstanding, and the required rate of return on the stock is 10 percent. Land investments are not depreciable. Ignore taxes. What is the per-share stock price if the firm undertakes the investment?
72.53 65.00 87.63 76.35 71.34

expense was $1,783m and Capital Expenditure was $2,135.7m. Phoenix paid a dividend of $1,823.4m. What was the Levered Free Cash Flow after the dividend?