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Use the Following Data to Answer Questions Below

Question 17

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Use the following data to answer questions below
Gaspar International does not pay a common dividend. Gaspar's FCF for 2015 was $20.0 million, for 2016 it was $21.0 million, for 2017 it was $22.05 million and for 2018 it was $23.1525 million. Gaspar's WACC is known to be 9.50%. Gaspar's balance sheet includes $26.4 million in marketable securities and $130.0 million in non-operating long-term assets. The firm currently carries $44.0 million in short-term debt, $160.0 million in long-term debt and $22.0 million in preferred equity. There are currently 10 million shares of Gaspar's common stock outstanding.
-Use the data above and your calculations from questions 15 and 16 to estimate the value of the firm as of the end of 2018.

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