In: Finance
A company's most recent annual Free Cash Flow is $180,000,000. Free cash flow is expected to grow by 15% per year for the next 10 years and then grow by 3% per year thereafter. Investors required rate of return is 11%. What is the current value of the stock?
a. $11,300,755,080
b. $2,250,000,000
c. $5,404,011,121
d. $1,636,363,636