Dinklage International does not pay a common dividend. Dinklage’s growth rate for Cash Flow from Assets (CFFA) is estimated to be 5.00%. Dinklage’s CFFA for 2018 was $23.1525 million. Dinklage’s WACC is known to be 9.50%. Dinklage’s balance sheet includes $26.4 million in Marketable Securities and $130.0 million in non-operating long-term assets. The firm currently carries $44.0 million in short-term debt, $160.0 million in long-term debt, and $22.0 million in preferred equity. There are currently 10 million shares of Dinklage’s common stock outstanding. 

Use the data above to calculate the value of Dinklage’s operations as of the end of 2018. Calculate the value (in millions of dollars) to three decimal places (4,352,950 = 4.353) 2.

Answer rating: 100% (QA)

Current Value of the Firm Here CFFA0 CFFA of the current year 231525 million Growth rate g 5 or 00... View the full answer