Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. idx technologies is a privately held developer of

IDX Technologies is a privately held developer of advanced security systems based in Chicago. As...

70.2K

Verified Solution

Question

Accounting

image
IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late 2013 you initiate discussions with IDX's founder about the possibility of acquiring the business at the end of 2013. Estimate the value of IDX per share using a discounted FCF approach and the following data: Debt: $23 million Excess cash: $108 million Shares outstanding: 50 million Expected FCF in 2014: $49 million Expected FCF in 2015: $59 million Future FCF growth rate beyond 2015: 6% Weighted-average cost of capital: 9.4% The terminal enterprise value in 2014 is s million. (Round to the nearest integer)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Curly wing (CY) shape and stubble bristles (SB) are both recessive lethal alleles (i.e. dominant in terms...

Biology
Q

Question 1. Cystic Fibrosis (CF) is an example of a protein mis-folding disorder since most of...

Biology
Q

Describe two instances in 12 angry men where 2 different jurors base their decisions on prejudice.

Psychology
Q

Evaluate the following integrals using trigonometric identities (a) intergal sin6 x cos3 x dx (b) Z ?/2 o cos5 x...

Advance Math
Q

The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below....

Accounting
Q

The figure below shows a typical bacterial growth curve with the y axis indicating the...

Biology
Q

Consider the following proposition p over the set S 1 2 10 p x x...

Basic Math
Q

Population of College Cities College students often make up a substantial portion of the population...

Basic Math
Q

Presented here are the financial statements of Vaughn Company. VAUGHN...

Accounting
Q

9 Required information [The following information applies to the questions displayed below.] ...

Accounting
Q

11) Presented below is the information related to Purple Corporation: Common Stock, S6 par, 100,000...

Accounting
Q

Over a two year time horizon an investor experiences the following net cash flows: Year...

Finance