TRX Corporation is expected to generate free cash flows (FCF) of $6.15 million in year 1,...

TRX Corporation is expected to generate free cash flows (FCF) of $6.15 million in year 1, $9.82 million in year 2, $11.5 million in year 3, and $15.01 million in year 4. After then, the FCF will grow by 3% per year. TRX has 9 million shares outstanding, $5 million in excess cash, and it has $1 million in debt. If its cost of capital is 10%, the stock price would be $________? Input your answer without the $ sign and round your answer to two decimal places.

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jeff jeffy answered 1 year ago

TRX Corporation is expected to generate free cash flows (FCF) of $6.45 million in year 1,...

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