Transcribed Image Text
Assume a corporation is expecting the following cash flows inthe future: $-8 million in year 1, $11 million in year 2, $18million in year 3. After year 3, the cash flows are expected togrow at a rate of 6% forever. The discount rate is 14%, the firmhas debt totaling $42 million, and 9 million shares outstanding.What should be the price per share for this company?Enter your answer in dollars, rounded to the nearest cent.
Other questions asked by students
Accounting
Statistics
Basic Math
Algebra
Accounting
Accounting