I need help answering this question.

Based on the corporate valuation model,

Hunsader's value of operations is $300 million.

The balance sheet shows $20 million of short-term investments that are

unrelated to operations,

$50 million of accounts payable,

90 million of notes payable,

11/9/2020 Class 8 Quiz - Forecasts Valuations Other: FIN6465-20Fall 0150

https://webcourses.ucf.edu/courses/1361233/quizzes/1994800 7/12

$30 million of long-term debt,

$40 million of preferred stock, and

$100 million of common equity.

The company has 10 million shares of stock outstanding. What is the best

estimate of the stock's price per share?