Siri had a FCFE of $1.6M last year and has 3.2M shares outstanding.Siri's required return on equity is 12% and WACC is 9.8%.If FCFE is expected to grow at 9% forever,the intrinsic value of Siri's shares are ____________.
A) $68.13
B) $18.17
C) $26.35
D) $14.76
E) none of the above
Correct Answer:
Verified
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