Neo Drones Inc. ( NDI ) reported net income of $ 1 0 0 million in 2
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Question:
Neo Drones Inc. NDI reported net income of $ million in after interest expenses of
$ million. The corporate tax rate was It reported depreciation of $ million in that
year, and capital spending was $ million. The firm also had $ million in debt outstanding
on the books, and there were million shares outstanding trading at $ per share with a
book value of $ million. The net working capital is $ million and will remain unchanged
in the future. The cost of equity is and the overall cost of capital is The longterm
growth rate is
a Estimate the free cash flow to the firm FCFF in
b Estimate the value of equity at the end of and the value per share, using the FCFF
method
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