Question: Determine equity value per share given the following information. Round your final answer to two decimal places. For example, if your answer is $ 8

Determine equity value per share given the following information. Round your final answer to two decimal places. For example, if your answer is $89.12, enter 89.12 with no currency symbol.
16.35% Ke (Cost of Equity)
The company is expected to generate the following forecasted FCFE (Free Cash Flow to Equity):
Year 1: 96.0 million
Year 2: 97.1 million
Year 3: 100.0 million
Year 4: 101.2 million
Year 5: 103.1 million
FCFE has a terminal value of 1,035.6 million at the end of Year 5.
The market value of debt is $284.6 million.
There are 9.5 million shares outstanding.
 Determine equity value per share given the following information. Round your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!