Assistance with this problem would be greatly appreciated! Handwritten explanations for the problem are best. I am not permitted to use Excel for the upcoming exam. Thanks!
Scampini Technologies is expected to generate $25 million in free cash flows next year, and FCF is expected to grow at a constant rate of 4% per year indefinitely. Scampini has no debt or preferred stock, and it s WACC is 10%. If Scampini has 40 million shares of stock outstanding, what is the stock's value per share?