Projected capital expenditures for the next year

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An analyst has collected the following information about Franklin Electric: Projected EBIT for the next year is $300 million. Projected depreciation expense for the next year is $50 million. Projected capital expenditures for the next year is $100 million. Projected increase in operating working capital next year is $60 million. Tax rate is 40%. WACC is 10%. Market value of debt and preferred stock today is $500 million. Number of common shares outstanding today is 20 million. Calculate the firms Stock Price?

Reference no: EM13930140

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