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, 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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