Assume the following expected free cash flows for Flying Inc. for 2012:CurrentForecast HorizonTerminal Year($ thousands)20122013201420152016Free cash flows to the firm (FCFF)2,4562,9853,9284,2685,0385,589The company has net nonoperating obligations (NNO) of $80,000 and 6,000 shares outstanding. Calculate the per share stock price using the FCFF information above, a discount rate of 6%, and a terminal growth rate of 3%.
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