Question: if this could be solved in Excel, it would be greatly appreciated 2. Global Harmonic Control Systems (GHCS) summary income statement is stated below. Year

 if this could be solved in Excel, it would be greatly

if this could be solved in Excel, it would be greatly appreciated

2. Global Harmonic Control Systems (GHCS) summary income statement is stated below. Year (000,000) NOPAT$ Net Investments Free cash flows 120 50 70 2 132 55 77 3 145 60.5 84.7 156.82 65.34 91.48 169 36 70.57 98.79 GHCS has 12 million shares outstanding and a company weighted average cost of capital of 16 percent, appropriate for its risks. The firm projects that FCF will grow perpetually after year 5 at the rate of 6 percent. What is GHCS price per share? a) Stocks can also be valued by multiples and an investor may estimate the horizon value of firm via a multiple rather than the growing perpetuity method. IF GHCS P/E is 7. what is the value per share of GHCS using the multiples approach to estimating the horizon value? b) Based on your answers to (a) and (b) which method is a better method

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