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You have been assigned the task of using the corporate valuation model to estimate Levine Co.'s intrinsic value.Levine's WACC is 10.
You have been assigned the task of using the corporate valuation model to estimate Levine Co.'s intrinsic value. Levine's WACC is 10.00%, its expected end-of-year free cash flow (FCF1) is $125 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future, the company has $150 million of long-term debt plus preferred stock, and it has 100 million shares of common stock outstanding. What is the per-share estimate of the stock's intrinsic value?