Question: Quantitative Problem 2 : Hadley Inc. forecasts the year - end free cash flows ( in millions ) shown below. Year 1 2 3 4
Quantitative Problem : Hadley Inc. forecasts the yearend free cash flows in millions shown below.
Year
FCF $ $ $ $ $
The weighted average cost of capital is and the FCFs are expected to continue growing at a rate after Year The firm has $ million of marketvalue debt, but it has no preferred stock or any other outstanding claims. There are million shares outstanding. Also, the firm has zero nonoperating assets. What is the value of the stock price today Year Round your answer to the nearest cent. Do not round intermediate calculations.
$
per share
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