Question: Please help. Need asap Knappa Valley Winery's (KVW) most recent FCFF is $4,500,000. KVW's target debtto-equity ratio is 0.25. The market value of the firm's
Please help. Need asap
Knappa Valley Winery's (KVW) most recent FCFF is $4,500,000. KVW's target debtto-equity ratio is 0.25. The market value of the firm's debt is $10 million and KVW has 2 million shares of common stock outstanding. The firm's tax rate is 35%, the shareholders require a return of 15% on their investment, the firm's before-tax cost of debt is 8%, and the expected long-term growth rate in FCFF is 6%. Calculate the value per share of the equity. $31.49$32.49$33.49$34.49 Page 10 of 20
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