Question: 25 3.5 points Given the following data for year 1: Profits after taxes = $12 million: Depreciation = $6 million; Interest expense = $6 million:

25 3.5 points Given the following data for year 1: Profits after taxes = $12 million: Depreciation = $6 million; Interest expense = $6 million: Investment in fixed assets = $12 million: Investment in working capital = $3 million. The corporate tax rate is 19 percent. Assume that free cash flow grows at a rate of 5 percent for years 2 and 3, and then it grows at a rate of 4 from year 4 and beyond. The weighted average cost of capitalis 10 percent. If the company has $20 million debt and 1 million shares outstanding. What is the value per share? $120.54 $113.33 $133.33 c $140.54
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