For any accountant or accounting professor:
You expect CCM corporation to generate the following free cash flows over the next 5 years:
Year 1 2 3 4 5
FCF ($millions) 25 28 32 37 40
If CCM has $150 Million debt and 12 million shares of stock outstanding, then which is the share price for CCM closest to?
a) $49.50
b) $11.25
c) $20.50
d) $22.75
12 years ago
ccm
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- ccm.xlsx