What is the company price per share

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KA wants to forecast a 12-month price target for his company. He estimates the FCFs and terminal value shown in the table below. The company's equity to total capitalization ratio is expected to hold steady at 70%. The company has 20 million shares outstanding. Using this information and a WACC of 12.5%, what is the company's price per share?(in $millions).

Year 1 . Year 2 Year 3

FCFs $23 $25.8 $34

Terminal Value $567

Reference no: EM132343837

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