Problemyou must estimate the intrinsic value of noe, Ask an Expert

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Problem:

You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow (FCFbrff07t.09.064.1.png) is expected to be $17.00 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The company's WACC is 10.0%, it has $125.0 million of long-term debt plus preferred stock outstanding, and there are 15.0 million shares of common stock outstanding.

Required:

Question: What is the firm's estimated intrinsic value per share of common stock?

a. $26.50

b. $32.98

c. $29.44

d. $30.92

e. $23.85

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170121

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