Question: Analyst is trying to estimate the intrinsic value of BTW Inc, which has no non-operating assets. The analyst has estimated the company's free cash flows

 Analyst is trying to estimate the intrinsic value of BTW Inc,

Analyst is trying to estimate the intrinsic value of BTW Inc, which has no non-operating assets. The analyst has estimated the company's free cash flows for the following years: Year Free cash flow 1 $1,380 2 $3,002 3 $5,166 The analyst estimates that after three years (t=3) the company's free cash flow will grow at a constant rate of 4 percent per year. The analyst estimates that the company's weighted average cost of capital is 10 percent. The company's debt has a total market value of $25,000 and there are 1,500 outstanding shares of common stock. What is the (per-share) intrinsic value of the company's common stock

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