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  3. assume that today is december 31,2018 and that the

Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines:...

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Accounting

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Assume that today is December 31,2018 and that the following information applies to Vermeil Airlines: After-tax operating income [EBIT(1 T)lfor 2019 is expected to be $418 million. The depreciation expense is expected to be $104 million. The capital expenditures are expected to be $245 million. No change is expected in net operating working capital. The free cash flow is expected to grow at a constant rate of 4.7% per year. The required return on equity is 13.3%. The WACC is 8.5%. The market value of the company's debt is $3 billion 284 million shares of stock are outstanding Using the corporate valuation model approach, what should be the company's stock price today

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