Question: answer to 4 decimal places Question 29 5 pts Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines: After-tax

 answer to 4 decimal places Question 29 5 pts Assume that

answer to 4 decimal places

Question 29 5 pts Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines: After-tax operating income (EBIT(1 - T)] for 2019 is expected to be $404 million . The depreciation expense is expected to be $121 million. The capital expenditures are expected to be $176 million. No change is expected in net operating working capital. The free cash flow is expected to grow at a constant rate of 4% per year. . The required return on equity is 15.6%. The WACC is 9.4% The market value of the company's debt is $2.5 billion. 263 million shares of stock are outstanding. Using the corporate valuation model approach, what should be the company's stock price today

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