MMP Incorporated generated FCF in the most recently completed year of $780,000. We expect FCF...
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MMP Incorporated generated FCF in the most recently completed year of $780,000. We expect FCF to grow by 10% in year 1,8% in year 2 and 7% in year three. Beginning in year four, FCF will begin to grow at a constant rate of 6%. The required rate of return on this investment is 13%. MMP has debt of $2,000,000, preferred stock of $1,000,000 and 400,000 shares of common stock outstanding. What is each share of common worth today? $20.72 $24.34 O $23.94 O $26.59
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