Corporate valuation mode

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Corporate valuation mode

You have been assigned the task of using the corporate valuation model to estimate Hawley Co.'s intrinsic value. Hawley's WACC is 8.00%, its expected end-of-year free cash flow (FCF1) is $360 million, the FCFs are expected to grow at a constant rate of 3.00% a year in the future, the company has $400 million of long-term debt plus preferred stock, and it has 80 million shares of common stock outstanding. What is the per-share estimate of the stock's intrinsic value?

Reference no: EM133120290

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