Based on some information I need some guidance on how to figure out what the value of a share of common stock is:
After-tax operating income=$500 million
Depreciation expense=$100 million
Capital expenditures=$200 million
No change in net working capital
Free cash flow is expected to grow by 6% per year
Cost of equity is 14%
WACC is 10%
Market value of debt is $3 billion
The company has 200 million shares of common stock outstanding