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Thanks 2. You have been assigned the task of using the free...

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Accounting

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2. You have been assigned the task of using the free cash flow model to estimate Thorpe Corporation's intrinsic value. The firm's WACC is 12.00%, its end-of-year free cash flow (FCF1) is expected to be $60.0 million, the FCFs are expected to grow at a constant rate of 8.00% a year in the future, the company has $300 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock

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