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Question - Andrew Enterprises expects earnings before interest and taxes (EBIT) next year of 2.1 million. Its depreciation and capital expenditures will both be $307,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $52,000 over the next year. Its tax rate is 40%. Its WACC is 11% and its FCFs are expected to increase at 3% per year in perpetuity. Andrew Enterprise has $2 million in cash, $3.5 million in debt, and 2 million shares outstanding. What is its share price?

Reference no: EM132753244

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