Estimated intrinsic value per share of common stock

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If you have been assigned the task of using the corporate valuation model to estimate Golf Co.'s intrinsic value. Golf's WACC is 8%, its expected end-of-year free cash flow (FCF1) is $50 million, the FCFs are expected to grow at a constant rate of 3% a year in the future, the company has $250 million of long-term debt plus preferred stock, and it has 25 million shares of common stock outstanding. What is the company's estimated intrinsic value per share of common stock?

Reference no: EM132022699

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