Estimating the intrinsic value harkleroad technologies stock

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An analyst is estimating the intrinsic value Harkleroad Technologies' stock. Harkleroad's free cash flow is expected to be $34 million this year, and grow at a constant rate of 7% a year. The company's WACC is 13%. Harkleroad has $162 million of long-term debt, and 20 million outstanding shares of common stock. It has no preferred stock.

Determine the per-share price of Harkleroad Technologies' common stock, assuming that the market is both efficient and in equilibrium.

Reference no: EM131197556

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