Estimate of the firm stock price

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On 01/29/2015, EMC Corp reported its financial results for the fiscal year ended 12/31/2014. Its free cash flow was $4,966 million. The firm said that it expects its cash flow to grow at 3.2% for the foreseeable future. EMC Corp has $5,495 million in debt, $8,321 million in excess cash, and 2,035 million shares outstanding. If the firm's WACC is 9.0%, what is your best estimate of the firm's stock price?

Reference no: EM131670116

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