question archive You are given the following information about a firm: Cost of equity is 10% Free cash flow to equity in the current year is $3 million Free cash flow to equity is projected to grow at a constant 5% annual rate What is the value of the equity of the firm? Select one: a
Subject:FinancePrice:2.86 Bought3
You are given the following information about a firm: Cost of equity is 10%
Free cash flow to equity in the current year is $3 million
Free cash flow to equity is projected to grow at a constant 5% annual rate
What is the value of the equity of the firm?
Select one:
a. $46.0 million
b. $63 million
c. $66 million
d. $69.3 million
Purchased 3 times