Find estimated intrinsic value

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A stock has no dividends. The last period's FCFF is $4.87 and it has an estimated annual free cash flow growth rate of 6.6%. The WACC for this stock is 8.4% and its long term growth rate is 2.46%. It also has an ROE of 17.2%. You also found out that the firm has debt per share of $31.34. What it the estimated intrinsic value using the constant state FCFF method? State your answer as a dollar amount with two decimal places and use the adjusted method as shown in the textbook.

Reference no: EM133110454

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