Wil Technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constant rate of 8% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 11%. If Wil has 55 million shares of stock outstanding, what is the stock's value per share?  Round your answer to the nearest cent. -Each share of common stock is worth?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
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Wil Technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constant rate of 8% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 11%. If Wil has 55 million shares of stock outstanding, what is the stock's value per share?  Round your answer to the nearest cent.

-Each share of common stock is worth?

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