Danielsen's has 15,000 shares of stock outstanding and projected annual free cash flows of $48,200, $57,900, $71,300, and $72,500 for the next four years, respectively. After that, the cash flows are expected to increase at a constant annual rate of 1.6 percent. 

What is the current value per share of stock at a discount rate of 15.4 percent?

Answer rating: 100% (QA)

To calculate the current value per share of Danielsens stock we need to find the present value of it... View the full answer