The following is a four-year forecast for Torino Marine. Year 2022202320242025 ...
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Accounting
The following is a fouryear forecast for Torino Marine.
Year
Free cash flow $ millions
Estimate the fair market value of Torino Marine at the end of Assume that after earnings before interest and tax will remain constant at $ million, depreciation will equal capital expenditures in each year, and working capital will not change. Torino Marines weightedaverage cost of capital is percent and its tax rate is percent.
Note: Do not round intermediate calculations. Enter your answer in millions rounded to decimal place.
Estimate the fair market value per share of Torino Marines equity at the end of if the company has million shares outstanding and the market value of its interestbearing liabilities on the valuation date equals $ million.
Note: Do not round intermediate calculations. Round your answer to decimal places.
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