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The financial statements of Lioi Steel Fabricators are shown below both the actual results for 2010 and the projections for 2011. Free cash flow is...
The financial statements of Lioi Steel Fabricators are shown below both the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 6% rate after 2011. The weighted average cost of capital is 11%.a. If operating capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011?b. What is the horizon value as of 12/31/2011?c. What is the value of operations as of 12/31/2010?d. What is the total value of the company as of 12/31/2010?e. What is the intrinsic price per share for 12/31/2010?