Question: Quantitative Problem 1 : Assume today is December 3 1 , 2 0 1 9 . Barrington Industries expects that its 2 0 2 0
Quantitative Problem : Assume today is December Barrington Industries expects that its aftertax operating income EBIT T will be $ million and its depreciation expense will be $ million. Barrington's gross capital expenditures are expected to be $ million and the change in its net operating working capital for will be million. The firm's free cash flow is expected to grow at a constant rate of annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capita has no plans to use it for future capital budgeting projects. Also, the firm has zero nonoperating assets. Using the corporate valuation model, what should be the company's stock price today December Do not round intermediate calculations. Round your answer to the nearest cent. $ per share
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