IDX Technologies is a privately hold developer of advanced security systems based in Chicago. As...
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IDX Technologies is a privately hold developer of advanced security systems based in Chicago. As part of your business devilopment stratogy, in tate 2008 you initiate discussions with IDX's founder about the possiblity of acquiring the business at the end of 2008 , Estimate the value of IDX per share using a discounted FCF approach and the following data: - Debt: $27 million - Excess cash: $102 million - Shares outstanding: 50 million - Expected FCF in 2009: \$44 million - Expected FCF in 2010: $56 million - Future FCF growth rate beyond 2010: 5\% - Weighted-average cost of capital: 9.4% The enterprise value in 2008 is $ million. (Round to the nearest integer.)
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