17. Assume a corporation is expecting the following cash flows in the future: $-7 million in...

17. Assume a corporation is expecting the following cash flows in the future: $-7 million in year 1, $11 million in year 2, $23 million in year 3. After year 3, the cash flows are expected to grow at a rate of 5% forever. The discount rate is 9%, the firm has debt totaling $54 million, and 9 million shares outstanding. What should be the price per share for this company?

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jeff jeffy answered 2 months ago

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