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Bayani Bakery's most recent FCF was $48 million; the FCF isexpected to grow at a constant rate of 6%. The firm's WACC is 11%,and it has 15 million shares of common stock outstanding. The firmhas $30 million in short-term investments, which it plans toliquidate and distribute to common shareholders via a stockrepurchase; the firm has no other nonoperating assets. It has $364million in debt and $57 million in preferred stock.What is the value of operations? Enter your answer in millions.For example, an answer of $1.2 million should be entered as 1.2,not 1,200,000. Round your answer to two decimal places.$ millionImmediately prior to the repurchase, what is the intrinsicvalue of equity? Enter your answer in millions. For example, ananswer of $1.2 million should be entered as 1.2, not 1,200,000.Round your answer to two decimal places.$ millionImmediately prior to the repurchase, what is the intrinsicstock price? Round your answer to the nearest cent.$ per shareHow many shares will be repurchased? Enter your answer inmillions. For example, an answer of $1.2 million should be enteredas 1.2, not 1,200,000. Round your answer to two decimalplaces. million sharesHow many shares will remain after the repurchase? Enter your answerin millions. For example, an answer of $1.2 million should beentered as 1.2, not 1,200,000. Round your answer to two decimalplaces. million sharesImmediately after the repurchase, what is the intrinsic valueof equity? Enter your answer in millions. For example, an answer of$1.2 million should be entered as 1.2, not 1,200,000. Round youranswer to two decimal places.$ millionThe intrinsic stock price? Round your answer to two decimalplaces.$ per share