Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 1 2 3 4 5 FCF -$22.02 $38 $43.2 $51.7 $55.1 The weighted average cost of capital is 10%, and the FCFs are expected to continue growing at a 4% rate after Year 5. The firm has $25 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. Also, the firm has zero non-operating assets. What is the value of the stock price today (Year 0)? Round your answer to the nearest cent. Do not round intermediate calculations. $ per share
Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 1 2 3...
Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 1 2 3 4 5 FCF -$22.66 $37.2 $43.3 $53 $55.6 The weighted average cost of capital is 10%, and the FCFs are expected to continue growing at a 3% rate after Year 5. The firm has $24 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 18 million shares outstanding. What is the value of the stock price...
2. Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 1 2 3 4 5 FCF $-22.11 $37.7 $43.5 $52.7 $56.4 The weighted average cost of capital is 9%, and the FCFs are expected to continue growing at a 3% rate after Year 5. The firm has $24 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. What is the value of the stock...
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 2 3 4 5 FCF - $22.25 $37.5 $43.8 $51.8 $55.9 The weighted average cost of capital is 10%, and the FCFs are expected to continue growing at a 4% rate after Year 5. The firm has $24 million of market value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. What is the value...
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 2 3 4 FCF -$22.38 $37.5 $43.3 $51.5 $55.6 The weighted average cost of capital is 12 %, and the FCFS are expected to continue growing at a 5% rate after Year 5. The firm has $26 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 21 million shares outstanding. What is the value of the...
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. Year 1 2 3 4 5 FCF $22.53 $37 $43.1 $52.4 $55 The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 4% rate after Year 5. The firm has $25 million of market value debt, but it has no preferred stock or any other outstanding claims. There are 18 million shares outstanding. What is the value...
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below. 5 Year 1 2 3 4 FCF -$22.74 $37.1 $43.1 $52.3 $55.3 The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 5% rate after Year 5. The firm has $25 million of market value debt, but it has no preferred stock or any other outstanding claims. There are 18 million shares outstanding. Also, the firm has...
Qui Enterprises forecasts the free cash flows (in millions) shown below (*Year 1 - Year 5.) The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5% rate after Year 5. The company’s balance sheet shows $10 million of notes payable, $50 million of long-term debt, $25 million of preferred stock, $18 million of retained earnings, and $80 million of total common equity. Q. a. If the company has 5 million shares...
Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. What is the firm’s total corporate value (in millions)? Do not round intermediate calculations. Year 1 2 3 FCF -$15.0 $10.0 $55.0
Year 1 2 3 4 5 FCF -$22.32 $38.3 $43.7 $51.7 $56.4 The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 4% rate after Year 5. The firm has $26 million of market value debt, but it has no preferred stock or any other outstanding claims. There are 18 million shares outstanding. What is the value of the stock price today (Year 07 Round your answer to the nearest cent. Do...
30. Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. What is the firm’s total corporate value (in millions)? Do not round intermediate calculations. Year 1 2 3 FCF -$15.0 $10.0 $25.0 a. $268.01 b. $196.22 c. $217.75 d. $272.79 e. $239.29