Question: SBF Inc, a crypto exchange that is definitely not a gigantic fraud, has assets in place that will generate $11 million in OCF next year,
SBF Inc, a crypto exchange that is definitely not a gigantic fraud, has assets in place that will generate $11 million in OCF next year, which is forecast to grow at 3% in perpetuity. The firm also has 27 million preferred shares outstanding, with a guaranteed dividend of $0.20 per share per year. Using a discount rate of 10%, what is the total value of the firm's common shares? Answer in millions i.e. $4.1 million = enter 4.1
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