Question: According to the value - based management model, what is the stock price per share given the following data? Year: 1 : Revenue: 8 6

According to the value-based management model, what is the stock price per share given the following data? Year: 1: Revenue: 860 Fixed Costs: 90 Variable bosts: 280 Additional investments in NMC: 3 Additional invetments in operating long-term assets: 80 Depreciation: 75 Corporate tax rate: 0.40 WACC:0.15 Growth rate per year: From year 1 through year 5: 0.10 After year 5: 0.05 Market value: Non-operating short-term assets:50 Non-operating long-term assets: 100 Market value: Short-term debt: 50 Long-term debt: 700 Common stock: Market price per share: 15 Number of shares: 100 Select one: a. $22.03 b. $28.23 c. $25.23 d. $31.21

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