today $($December $31,2019)?$ Do not round intermediate calculations. Round your answer to the nearest cent.

$

per share

Quantitative Problem $2$: Hadley Inc. forecasts the year$-$end free cash flows $($in millions$)$ shown below.

answer to the nearest cent. Do not round intermediate calculations.

The statement above is

Conclusions

divisions and firms that do not pay dividends. In principle, we should find the same intrinsic value using either model, but differences are often observed.

value; and for this reason, it is integral to the planning and forecasting process.