You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,130,000 this year. Depreciation, the increase in net working capital, and capital spending were $239,000, $104,000, and $485,000, respectively. You expect that over the next five years, EBIT will grow at 20 percent per year, depreciation and capital spending will grow at 25 per year, and NWC will grow at 15 per year. The company currently has $17,900,000 in debt and 515,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.5 percent indefinitely. The company’s WACC is 8.7 percent and the tax rate is 35 percent. What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Share price
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You have looked at the current financial statements for Reigle
Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,130,000 this year. Depreciation, the increase in net working capital, and capital spending were $239,000, $104,000, and $485,000, respectively. You expect that over the next five years, EBIT will grow at 20 percent per year, depreciation and capital spending will grow at 25 per year, and NWC will grow at 15 per year. The company currently has $17,900,000 in debt and 515,000...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending were $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 per year, and NWC will grow at 10 per year. The company currently has $18,300,000 in debt and 380,000...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,190,000 this year. Depreciation, the increase in net working capital, and capital spending were $242,000, $107,000, and $500,000, respectively. You expect that over the next five years, EBIT will grow at 16 percent per year, depreciation and capital spending will grow at 21 per year, and NWC will grow at 11 per year. The company currently has $18,500,000 in debt and 385,000...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending were $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 per year, and NWC will grow at 10 per year. The company currently has $18,300,000 in debt and 380,000...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,850,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $225,000, $90,000, and $415,000, respectively. You expect that over the next five years, EBIT will grow at 16 percent per year, depreciation and capital spending will grow at 21 percent per year, and NWC will grow at 11 percent per year. The company currently has...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,870,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $226,000, $91,000, and $420,000, respectively. You expect that over the next five years, EBIT will grow at 17 percent per year, depreciation and capital spending will grow at 22 percent per year, and NWC will grow at 12 percent per year. The company currently has...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3.25 million this...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3.25 million this year. Depreciation, the increase in net working capital, and capital spending were $245,000, $115,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 percent per year, and NWC will grow at 10 percent per year. The company has $19.5 million in...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,010,000 this year. Depreciation, the increase in net working capital, and capital spending were $233,000, $98,000, and $455,000, respectively. You expect that over the next five years, EBIT will grow at 17 percent per year, depreciation and capital spending will grow at 22 percent per year, and NWC will grow at 12 percent per year. The company has $16,700,000 in debt and...
You have looked at the current financial statements for Reigle Homes, Co. The company has an...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,890,000 this year. Depreciation, the increase in net working capital, and capital spending were $227,000, $92,000, and $425,000, respectively. You expect that over the next five years, EBIT will grow at 18 percent per year, depreciation and capital spending will grow at 23 percent per year, and NWC will grow at 13 percent per year. The company has $15,500,000 in debt and...
i need a correct answer You have looked at the current financial statements for Reigle Homes,...
i
need a correct answer
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending were $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 per year, and NWC will grow at 10 per year. The company currently has...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending were $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 per year, and NWC will grow at 10 per year. The company currently has $18,300,000 in debt and 380,000...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,870,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $226,000, $91,000, and $420,000, respectively. You expect that over the next five years, EBIT will grow at 17 percent per year, depreciation and capital spending will grow at 22 percent per year, and NWC will grow at 12 percent per year. The company currently has...
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3.25 million this year. Depreciation, the increase in net working capital, and capital spending were $245,000, $115,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 percent per year, and NWC will grow at 10 percent per year. The company has $19.5 million in...
i
need a correct answer
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending were $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 per year, and NWC will grow at 10 per year. The company currently has...
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