What is the firm estimated intrinsic value

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You must estimate the intrinsic value of Noe Technologies' stock. The end-of-year free cash flow is expected to be $17.00 million, and it is expected to grow at a constant rate of 7.0% a year thereafter. The company's WACC is 10.0%, it has $125.0 million of long-term debt plus preferred stock outstanding, and there are 15.0 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?

a. $26.50
b. $32.98
c. $29.44
d. $30.92
e. $23.85

 

Reference no: EM13282792

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