The value of Broadway-Brooks Inc.'s operations is $900 million, based on the free cash flow valuation model. Its balance sheet shows $30 million in short-term investments that are unrelated to operations, $110 million in notes payable (short-term debt), $90 million in long-term debt, and $20 million in preferred stock. If the company has 25 million shares of stock outstanding, what is the best estimate of the stock's price per share? (Hint: find the total value of the firm first.)
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The value of Broadway-Brooks Inc.'s operations is $900 million, based on the free cash flow valuatio...
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