Forecasting cash flows-what is the price per share

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Your company is forecasting cash flows of $20 million next year, $40 million in the second year and $60 million in year 3. After that growth is expected to level off at 7% per year. Your company has $150 million in marketable securities and $400 million in interest bearing debt. If there are 10 million shares outstanding what is the price per share?

Reference no: EM131072788

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